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Clark County has made strides in fixing the problems that beset University Medical Center, the valley’s only publicly owned hospital. It installed new leadership after a former CEO was accused of corruption. And, after much debate among commissioners, the county has created a new nine-member board to manage UMC’s operations, one that is uniquely attuned to the hospital’s needs.

The valley’s race to build new stadiums and arenas took an interesting turn Wednesday, and the takeaway was unmistakable: public financing increasingly looks like a deal-breaker.