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SBD/October 2, 2012/Facilities
Colorado State Univ. President Supports $250M On-Campus Football Stadium
Published October 2, 2012
REBEL BASE: In Las Vegas, Joe Schoenmann notes cost and location plans for a “domed, 60,000-seat ‘mega-event’ stadium on the UNLV campus are coming into sharper focus two months before a review by the university system’s Board of Regents.” Sources said that the stadium would be located at the “site of the current UNLV baseball facility.” Schoenmann adds the stadium’s cost is estimated around $800M, with about one-third "coming from long-term naming rights and numerous forms of advertising.” Another third would “come from revenue generated at the site; the last third would come in the form of a sort of tax-incremental financing plan, which would help developers obtain long-term financing.” The state legislature will be “asked to approve the tax-incremental financing plan in 2013.” Sources said that earlier plans placed the stadium further south, but “concerns about interfering with air traffic into McCarran International Airport forced the move to the north.” Schoenmann notes a “key component to the plan is obtaining more than 20 acres of land currently listed as property of the Clark County Department of Aviation." Ultimately, the stadium would “become the cornerstone of a development currently called UNLV Now that includes 5,000 to 10,000 living units for college students and an on-campus retail/entertainment district.” UNLV AD Jim Livengood yesterday said plans were “moving ahead.” Livengood: “There’s no slowdown. There are a lot of moving parts. We are not at the stage where a lot of things are going public. But certainly in the next 75 to 90 days, a lot more will be known” (LAS VEGAS SUN, 10/2).