Vegas Reps Explore Arena Bids
Clark County Commissioners are reportedly considering several proposals to build a 20,000-capacity sports arena in Las Vegas but the question of where the financing will come from could be a sticking point.
Companies vying for the project are Texas-based IDM, Las Vegas Arena Foundation, developer Gary Goett and Cordish Cos., according to the Las Vegas Review-Journal.
Proponents say a state-of-the-art venue of that size could give the city a better shot at attracting a pro hockey or basketball team as well as retaining events such as the National Finals Rodeo.
However, opponents including MGM Mirage say the possibility of using public funds to build the arena would subsidize competition for existing venues like its own or the aging, 18,500-capacity Thomas & Mack Center at UNLV.
There’s also the question of whether the market can support a pro team, according to the paper.
Three of the proposals include building the facility on the Las Vegas Strip and all proposals reportedly call for tax subsidies.
The commission is expected to hear project proposals at its May 18 meeting.