weather icon Clear

Senate bill would create ‘facility district’ to fund Las Vegas sports stadium

CARSON CITY — The Clark County Commission could create a "facility district" that would help fund construction of a professional sports stadium under a bill introduced in the state Senate late Monday.

Senate Bill 501 offers three proposals for districts that would direct tax revenue generated at and around proposed stadium sites toward construction of the project. Under the measure, the County Commission could pick just one option.

Three different developers have proposals that could benefit from at least one of the choices.

University of Nevada, Las Vegas is working with a private developer to build an on-campus stadium that could accommodate the football team and would include retail and hospitality elements.

Texas-based developer Chris Milam is seeking to fund a project west of Interstate 15 near Tropicana Boulevard.

The city of Las Vegas is working with the Cordish Company to build an arena downtown.

SB501 was introduced by the Senate Committee on Finance, led by Senate Majority Leader Steven Horsford, D-Las Vegas.

"I support the concept because it is about jobs and creating an events center that would help Southern Nevada be competitive," Horsford said.

Caesars Entertainment is pushing its own proposal to build an arena near the Strip.

The Caesars plan would raise sales tax near the Strip by nine-tenths of a cent. In March, the Legislature, at the urging of MGM Resorts International, rejected a signature petition authorizing the Caesars proposal, forcing it to the ballot in 2012.

At the time, legislators said no tax money should be used to finance stadiums.

Although the options in SB501 would direct tax money toward financing, it would be money generated only from increases in taxes resulting from the project, including those on sales, live entertainment, property, hotel rooms and tobacco. One of the district options also includes an assessment on parking spaces within 3,000 feet of the project.

Don't miss the big stories. Like us on Facebook.
Politics Videos
Joe Biden at the national hospitality workers union.
Democratic presidential candidate, former Vice President Joe Biden speaks to members of the national hospitality workers union during UNITE HERE's town hall on Wednesday, Dec. 11, 2019 at Culinary Union Hall in Las Vegas. @bizutesfaye
Elizabeth Warren at Culinary Union
Elizabeth Warren speaks at a Culinary Union town hall in Las Vegas on Dec. 9, 2019.
Secretary of Education visits Henderson school
Secretary of Education Betsy DeVos visited students at Pinecrest Academy in Henderson to talk about college planning on Dec. 4, 2019. (Erik Verduzco/Las Vegas Review-Journal)
Trump dropped from Terry Fator’s show on Las Vegas Strip - VIDEO
Fator has edited out one prominent figure: President Donald Trump, a focal point of Fator’s regular stage show and also Christmas show over the past 3½ years. The Trump puppet, with his pop-up hairpiece, has been sidelined from both shows until further notice. (James Schaeffer / Las Vegas Review-Journal)
Accused murder mastermind Frank LaPena is granted a pardon - VIDEO
A onetime Las Vegas casino bell captain who spent 25 years in prison as the accused mastermind in a notorious 1974 contract murder won his last legal battle for freedom Wednesday when the state Pardons Board granted him a conditional pardon restoring all his civil rights. (James Schaeffer / Las Vegas Review-Journal)
The Middle: Nonpartisan voters and the 2020 election
How will the growing segment of nonpartisan or independent voters — those who have not registered with either political party, or who have left partisan politics behind — vote in 2020?
Tomi Lahren Speaks at UNLV - VIDEO
Fox News contributor and UNLV alumna Tomi Lahren returned to campus Wednesday night for a speech, titled “Stay Triggered,” that drew an auditorium of supporters as well as a group of protesters outside. (James Schaeffer/Las Vegas Review-Journal)
Bernie Sanders released from Las Vegas hospital - VIDEO
Sen. Bernie Sanders, I-Vt., issues a statement after he was released from Desert Springs Hospital Medical Center on Friday, Oct. 4, 2019, after suffering a heart attack earlier in the week. (Bernie Sanders via Twitter)
Democratic presidential candidates speak on impeachment - VIDEO
Democratic presidential candidates attending the March for Our Lives/Giffords Gun Safety Forum in Las Vegas comment on possible impeachment proceedings. (Las Vegas Review-Journal)
Joe Biden Las Vegas Rally Highlights - VIDEO
2020 presidential candidate, Joe Biden, came to Las Vegas to talk guns, climate change and the Ukranian-Trump scandal. Biden was interrupted by a protestor who sat amongst supporters at the rally and continued with his speech. (Angus Kelly & James Schaeffer / Las Vegas Review-Journal)
Joe Biden comments on Trump and his campaign efforts in Nevada - VIDEO
After an impeachment inquiry was opened on Donald Trump, Joe Biden talks with Review-Journal politics reporter Rory Appleton about Trump and his campaign in Nevada. (Angus Kelly & James Schaeffer / Las Vegas Review-Journal)
Bernie Sanders Unveils Affordable Housing Plan - Video
Bernie Sanders sits down with the Las Vegas Review-Journal to talk about his new affordable housing plan he unveiled at Plumbers & Pipefitters.
Sanders talks mining, Medicare in Nevada

Vermont Sen. Bernie Sanders was reunited with a Navy veteran who had been depressed to the point of suicide about medical bills, but who credited Sanders help with saving him.

Nevada gun control measure targeted in lawsuit

A citizens group filed a lawsuit seeking to invalidate the state’s new gun control red flag law, which empowers authorities to seize firearms from people deemed a threat.