Majestic Realty announced Thursday evening that they will no longer be participating as part of the development team for the proposed $1.9 billion Las Vegas stadium that would house the NFL’s Raiders. That announcement included some interesting news for UNLV.
Majestic’s executive vice president, Craig Cavileer, confirmed that the Southern Nevada stadium project will be the vision of Sands Chairman and CEO Sheldon Adelson.
“The project has evolved and it’s no longer a Sands and Majestic deal,” Cavileer said. “It’s really personalized and it’s something that Sheldon wants to do as a legacy for his family, and we’re respectful of that, and we’re looking forward to seeing the project move forward.