The proposed $1.2 billion domed stadium, on land owned by the University of Nevada, Las Vegas, would be funded by a mix of private and public funds, presumably including tourist tax revenue. The Review-Journal said Adelson’s company, Las Vegas Sands, would lead a group of investors putting up the private money. Las Vegas Sands didn’t immediately provide a comment on the project.

The stadium could proceed with or without the NFL: Las Vegas doesn’t have a modern venue that can hold big concerts or top-tier college football bowl games, and it wants one. But pro football would be the goal, and a partnership between Raiders and Adelson is one just about any lawyer could get behind.

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