Las Vegas set meeting for stadium vote

Las Vegas set meeting for stadium vote

  • Posted by Drew Epperley
  • On December 11, 2014
  • 0 Comments

Folks in Sin City really want a Major League Soccer team.

An official Tumblr post by the City of Las Vegas revealed that a City Council vote is scheduled on December 17,┬áregarding “a revised term sheet that, if approved, would clear the way for a new downtown soccer stadium to be built.”

According to detailed information about the revised term sheet published by the City of Las Vegas, the proposed $200 million stadium, which would be situated at Symphony Park, would be “privately owned, privately managed and privately operated.”

“If the City Council votes to accept the term sheet on Wednesday, Dec.17,” reads the city’s post, “then the project is set to move forward pending Major League Soccer choosing Las Vegas for the expansion franchise that is available. If MLS does not award Las Vegas a franchise then the stadium would not be built.”

The City of Las Vegas says that the current deal calls for private funding from a group headed by Findlay Sports & Entertainment and The Cordish Companies that would cover roughly $143 million of the stadium project, while the city would kick in $25 million in bonds toward the stadium and another $31 million in infrastructure funding.

Vegas officials were recently in New York pitching their proposal to league officials. From sources that I’ve talked to those meetings went well but the league appears to be more focused on placing a team in Minnesota with one of the two groups pushing for a team from that city.

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