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Las Vegas Sands proposes $1 billion domed stadium on UNLV site

Casino giant Las Vegas Sands Corp. is leading a consortium of investors that is proposing to build a $1 billion domed stadium on 42 acres near the University of Nevada, Las Vegas that would be home to school's football team — and possibly a National Football League franchise.

Andy Abboud, Las Vegas Sands' senior vice president of government relations and community development said Thursday Las Vegas needs a modern stadium with at least 65,000 seats to drive additional tourism to Southern Nevada.

Mark Davis, owner of the Oakland Raiders, is scheduled to meet with Las Vegas Sands Chairman and CEO Sheldon Adelson on Friday, possibly to discuss stadium details.