LAS VEGAS DOMETHE TIME IS NOW

Image Courtesy of MANICA Architecture. All Rights Reserved.

2

EXECUTIVE OVERVIEW ▪ Site Status

▪ Building Design and Site Layout

▪ Project Cost Estimation

▪ Financial Sources and Uses

▪ Benefits to UNLV, Las Vegas, Clark County and Nevada Residents

▪ A Super Bowl in Las Vegas

▪ Legislative Review Process and Approval

3

SITE STATUS

Image Courtesy of MANICA Architecture. All Rights Reserved.

BUILDING DESIGNAND SITE LAYOUT

Image Courtesy of MANICA Architecture. All Rights Reserved.

5

Image Courtesy of MANICA Architecture. All Rights Reserved.

6

Image Courtesy of MANICA Architecture. All Rights Reserved.

7

Image Courtesy of MANICA Architecture. All Rights Reserved.

8

Image Courtesy of MANICA Architecture. All Rights Reserved.

9

Image Courtesy of MANICA Architecture. All Rights Reserved.

10

Image Courtesy of MANICA Architecture. All Rights Reserved.

11

Image Courtesy of MANICA Architecture. All Rights Reserved.

12

13

PROJECT COSTESTIMATION

Image Courtesy of MANICA Architecture. All Rights Reserved.

15

PROJECT COST ESTIMATIONCOST BREAKDOWN ($M)Construction Costs $1,325

Land, Infrastructure and Site Costs 375

Practice Facility 100

Contingency 100

TOTAL PROJECT INVESTMENT $1,900

FINANCIAL SOURCESAND USES

Image Courtesy of MANICA Architecture. All Rights Reserved.

17

FINANCIAL SOURCES AND USESSOURCESTeam (Debt, PSLs and NFL G-4 Program) $500

Public Investment (39%) 750

Private Investment 650

TOTAL SOURCES $1,900

USESStadium Construction $1,325

Land, Infrastructure and Site Costs 375

Practice Facility 100

Contingency 100

TOTAL USES $1,900

BENEFITS TO UNLV, LAS VEGAS, CLARK COUNTY AND NEVADA

RESIDENTS

Image Courtesy of MANICA Architecture. All Rights Reserved.

19

ECONOMIC & FISCAL IMPACTECONOMIC IMPACT SUMMARY – NFL INCLUDED

NET NEW ANNUAL OPERATIONS IMPACTS:CLARK COUNTY STATE OF NEVADA

Direct Spending $530,310,000 $410,405,000Total Output $869,951,000 $678,710,000Jobs (FTEs) 7,987 6,703

EARNINGS $335,113,000 $260,560,000

FISCAL IMPACT SUMMARY – NFL INCLUDED NET NEW ANNUAL OPERATIONS IMPACTS:

Sales Tax $10,868,000 $13,541,000Live Entertainment Tax N/A $15,631,000Modified Business Tax N/A $2,985,000Hotel Tax $4,906,000 $3,504,000NV General Fund Gaming Tax N/A $4,573,000Car Rental Tax $243,000 $1,214,000 Subtotal $16,017,000 $41,448,000

TOTAL COMBINED $57,465,000

Source: Rosentraub, Mark. "Economic Impact Estimates." 28 April 2016.

20

MEDIA EXPOSURE ▪ The Raiders hired Nielsen Sports (formerly Repucom) to evaluate the potential media exposure value provided by the Raiders to Las Vegas

▪ The City of Las Vegas can expect to earn ~$100M in annual exposure value from the Raiders

▫ Value generated through text and logo exposure and verbal mentions across TV broadcasts, earned media and Raiders-owned digital and social platforms

▪ Attracting major sporting events can generate an additional $51.7M in value for the City of Las Vegas

▫ Reflects the combined media exposure value associated with the Super Bowl, College Football Championship and Final Four

21

INTANGIBLE BENEFITS – COLTS CASE STUDYIndiana residents have firsthand experience with the level of excitement and interest created by sports, which are described as the intangible benefits of sports. In an effort to determine support for the construction of a new stadium in 2005, a research study was commissioned to understand the value of the Colts to the residents of the state of Indiana.

The annual value of the intangible benefits provided by the Colts to Indiana residents was found to be $83.9M.

Source: Rosentraub, Mark S., and David Swindell. “The Value of the Indianapolis Colts To Indiana Residents and Their Willingness To Pay For A New Stadium.” (March 2005). Print.

22

$830M+ ANNUAL BENEFIT TO NVTANGIBLE AND INTANGIBLE BENEFITS ($M)

Net New Annual Operations Economic Impact – Clark County $335.1

Net New Annual Operations Economic Impact – State of NV $260.6

Net New Annual Operations Fiscal Impact $57.5

Annual Media Exposure Value $95.1

Annual Value of Intangible Benefits to Nevada Residents $83.9

23

BENEFITS TO UNLV1. Changing the identity of UNLV from a commuter school to a residential university

2. Enhancing student competitiveness and attractiveness to compete for students

3. Advancing to a major conference for athletics

4. Further regional economic diversity and enhancement

“What better way to tell our story — about our new medical school, our young but acclaimed law school, our world-class hotel program, our impressive engineering department and the work being done to become a Tier One research university — than through a nationally televised three-hour broadcast on Saturday afternoons while playing in a Power Five conference?” – Tony Sanchez, UNLV Head Football Coach

A SUPER BOWLIN LAS VEGAS

25

ECONOMIC IMPACT – SB50 CASE STUDYAn independent study of Super Bowl 50 found that the game and the events that surrounded it had a net positive economic impact on the Bay Area of nearly $240 million.

Net  posi)ve  economic  impact  

$236.5M  

Direct  tax  revenues  

$35.8M  

State  sales  taxes  

$22.6M  Regional  occupancy  

tax  revenues  

$13.2M  

Total  hotel  revenue  

$181.1M  Contributed  through  

the  50  Fund  

$13M  Contracts  awarded  through  Business  Connect  program  

$6.6M  

Source: Sportsimpacts, “Super Bowl 50: Bay Area Financial Impact Fact Sheet,” August 2016.

26

RESIDENT APPROVAL RATING – SB50 CASE STUDYThe majority of Bay Area residents said they believed that Super Bowl 50 increased tourism, created local business opportunities and showcased the Bay Area as a destination

% of Bay Area Residents Who Agree Super Bowl 50…

Increased  Tourism  

78%  Created  Buzz  

67%  

Provided  Opportuni6es  for  Local  Businesses  

70%  Source: Sportsimpacts, “Super Bowl 50: Bay Area Financial Impact Fact Sheet,” August 2016.

27

SUPER BOWL MEDIA EXPOSURE

▪ The Raiders hired Nielsen Sports (formerly Repucom) to evaluate the potential media exposure value provided to Las Vegas by a Super Bowl

▪ The City of Las Vegas can expect to earn $35M in media exposure value from a Super Bowl

▪ Value is generated from visual exposure and verbal mentions of the Las Vegas area during the Super Bowl game broadcast and in online and print news articles, local and sports news broadcasts and social media throughout Super Bowl week

LEGISLATIVE REVIEW PROCESS AND APPROVAL

Image Courtesy of MANICA Architecture. All Rights Reserved.

29

30

0.70% VS. 0.88%?+0.70% +0.88%

Room Charge $109.00 $109.00

Existing Hotel Tax (12.00%) $13.08 $13.08

Convention Center Tax Increase (0.50%) $0.55 $0.55

Stadium Project Tax Increase $0.76 $0.96

Room Charge with Hotel Tax $123.39 $123.59

Difference $0.20