To the editor:
The newly appointed 11-member stadium board launched its strategy, showing who will be at risk: taxpayers, as usual (“Panel weighs UNLV stadium,” Tuesday Review-Journal). The panel has already reached a position on cost. In the previous failed stadium effort, the gaming industry ran for the exits over the announced cost of $900 million. When asked if the new stadium proposal could match the price of the old one, board chairman Don Snyder said that there is no price ceiling and UNLV officials have not advised him to cap the stadium cost.
This Ponzi scheme is geared up to go with taxpayer money, just from what developed during the board’s first meeting.
There is no price ceiling, which could put taxpayers on the hook for an undetermined amount of funding once the board gets the money flow started.