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SBD/March 28, 2013/Facilities
UNLV Drops Majestic Realty From Stadium Project Amid Skepticism From Resort Industy
Published March 28, 2013
MGM GOING GRAND? In Las Vegas, Norm Clarke noted MGM Resorts Chair & CEO Jim Murren this week spoke "at length" about his company's planned basketball arena for the "first time since it was announced four weeks ago." Murren "acknowledged he 'struggled' with the arena issue for a decade before taking the plunge." He said, "We were trying to find the right location, the right partners, the right time. I think we've accomplished these objectives." Clarke noted if the new arena's capacity exceeds 22,700 it would "give Las Vegas the largest basketball arena in the West." Only the 34,616-seat Carrier Dome in Syracuse, N.Y., and the 23,500-seat Rupp Arena in Lexington, Ky., "would be larger." Murren said that the business model "is not predicated on having either a professional sports team or a college tournament" (REVIEWJOURNAL.com, 3/27).