The announcement came during a ceremony marking the installation of the final steel beam for the roof of the 65,000-seat indoor stadium just off the Las Vegas Strip.

Las Vegas-based Allegiant Travel is the publicly traded corporate parent of Allegiant Air, a low-fare carrier serving more than 120 U.S. cities, including 55 nonstop routes to Las Vegas.

Company chairman and chief executive Maury Gallagher said in a statement the facility name will ”amplify” the airline’s focus on leisure and vacation travel and its own resort development in Florida.

The Las Vegas Review-Journal reported in May the company had filed to trademark the name ”Allegiant Stadium.”

Terms of the agreement weren’t made public, but experts told the Review-Journal the deal might cost up to $25 million annually in cash and in-kind services.

The Raiders are moving after the upcoming season.

Taxpayers are funding $750 million of the stadium, which will also host UNLV football and the collegiate Las Vegas Bowl game beginning in 2020.

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