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MGM Resorts Changes Position, Comes Out Against UNLVNow Stadium Project
Published February 15, 2013
HOPPING OFF THE TRAIN: In Las Vegas, Paul Takahashi reports the Nevada Resort Association and Las Vegas Convention & Visitors Authority also “tempered their endorsement” of the project. The LVCVA, from which stadium officials are planning to seek $125M, said that its "first priority would be refurbishing the Las Vegas Convention Center, not funding the stadium.” Snyder said, "This certainly slows us down and sets us back. But it's not unusual in a project of this magnitude and complexity." Takahashi noted further delays “in the cost and funding projections for the stadium could derail the bill in the budget-sensitive Legislature.” If lawmakers “fail to pass a bill this session, it could stall the stadium's construction for another two years” (LAS VEGAS SUN, 2/15).