Allegiant Stadium continues to prove itself as one of Las Vegas’ biggest draws with nearly 1.7 million fans attending events at the $2 billion facility in 2022.
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Hotel room tax revenue that pays off the bonds used to build Allegiant Stadium reached a post-pandemic monthly high as visitation continues to bounce back.
With tourism volume nearing pre-pandemic levels, Clark County doesn’t expect to again dip into a debt reserve account to make the next scheduled bond payment for Allegiant Stadium.
With tourism still on the rebound Clark County is having to again dip into the debt reserve account to make Tuesday’s scheduled Allegiant Stadium bond payment.
Because of a shortfall in tax revenue, Clark County had to withdraw $11.55 million from a debt reserve account to help make December’s scheduled bond payment for Allegiant Stadium.
The last three years have been Clark County’s best when it comes to visitation levels. The coming Las Vegas Stadium should make future numbers even better, according to a new Moody’s Investor Service report.
The Las Vegas Stadium Authority will get its first look at the details of the financing of the 65,000-seat domed football stadium when it meets Thursday, a day after Clark County officials conduct a high-impact project hearing on the development.
State officials have posted the first agenda for what will be known as the Stadium Authority Board and much of the meeting will be dedicated to discussing procedures board members will take as it works to build a new home for the Oakland Raider