If the Raiders move to Las Vegas, Oakland and Alameda County taxpayers are left "holding the bag" (i.e. a $95M debt).
As Raiders look to Las Vegas, Coliseum debt hangs over East Bay
Whatever the case, “If the Raiders go to Las Vegas, we will still owe the $95 million,” Coliseum Executive Director Scott McKibben said.
“But if they stay here, there is a way in which to generate new money to pay down the bond indebtedness,” he said.
The question is, can a deal be crafted that works economically — and, at the same time, be sold to a skeptical voting public that is still paying $20 million a year in tax money from the last stadium deal that brought the Raiders back to Oakland from Los Angeles.
Due to the sensitive nature of the current talks, Oakland Mayor Libby Schaaf is keeping mum.
In the past, however, Schaaf has made it clear that Oakland’s share of the old debt has resulted in $10 million a year less for cops, firefighters and other city services — and that the debt continues to be the shadow that hangs over any future deal.
http://www.sfchronicle.com/bayarea/...oliseum-debt-hangs-9958308.php#photo-10975422
Just saying': If a city/county/state is going to have "public funding" of a stadium, they should (at least) get a contractual agreement from the team that will use the stadium to stay in the stadium (at least) until the public debt is all paid off.