The Las Vegas City Council voted Wednesday in favor of a nonbinding stadium subsidy deal with the private developer team of The Cordish Cos. and Findlay Sports & Entertainment, with the goal of eliminating public dollars being used for building the soccer stadium.
The Cordish Cos. has proposed an extra $250 million of development would be woven into final agreement vote in December if the Las Vegas City Council approves the $200 million soccer stadium deal on Wednesday.
The phone calls began ringing at 7 a.m. at the Tarkanian house. Council Member Lois Tarkanian, the former basketball coach’s wife of 59 years who, with her swing vote Wednesday, will decide whether the city moves ahead with a public subsidy deal for professional soccer stadium project in downtown Symphony Park.
The Las Vegas City Council is scheduled to vote Wednesday on whether to approve a new financial term sheet to build a $200 million stadium at Symphony Park meant to provide a home field for a Major League Soccer franchise.
The city of Las Vegas’ plans to use hotel room tax money for $3 million annually over 30 years for most of its share to build a $200 million subsidized downtown soccer stadium could pose a problem, a well-known local consultant believes.
With UNLV seeking a publicly funded campus stadium and Findlay chasing a subsidized downtown sports venue, Rock Rocheleau asked the car dealership chain executive during a stadium information meeting: “Maybe the two of you can come together and build one stadium?” It’s a fairly common question, but there’s more than one answer to the question.
While the city of Las Vegas is entrenched in a high-profile soccer stadium debate, the UNLV stadium board unceremoniously closed shop Thursday as the panel planned to ship a campus football/multi-purpose stadium report to the state Legislature to meet a Sept. 30 deadline.
The private developer team pitching a publicly subsidized soccer stadium is talking with Las Vegas City Council members behind the scenes about a revised funding plan to reduce the city’s financial risk.
You’d think soccer moms would welcome the chance to buy a Major League Soccer ticket and support public dollars to help build a $200 million, 24,000-seat stadium. But there’s a major problem, says Lisa Mayo-DeRiso, a Las Vegas consultant representing Nevada Youth Soccer Association.
If you’re wondering how The Cordish Cos., a Baltimore-based development company, arrived in the middle of the Great Las Vegas Soccer Stadium Debate, you might trace it back to a conversation former Las Vegas Mayor Oscar Goodman had with former Louisville, Ky., Mayor Jerry Abramson about 15 years ago.