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SBD/April 18, 2013/Facilities
MGM Resorts Plans Arena Project With AEG Alongside Separate Outdoor Project
Published April 18, 2013
SIDELINED PLAYER: In Las Vegas, Alan Snel wrote Silverton Casino President and Majestic Realty point man Craig Cavileer “can’t understand why UNLV dumped Majestic on March 26 as its private partner” for the proposed $900M, 60,000-seat UNLV Now stadium project. Cavileer said, “Somewhere along the line someone disagreed with (the project). I don’t know where it came from.” Although UNLV “terminated the stadium partnership with Majestic, the development company still has a toe in the project because the university is required to offer it the right of first refusal for two years if UNLV wants to build with another private partner.” Cavileer said that Murren “suggested the stadium be open-air, not domed.” He also said that Las Vegas Sands Chair & CEO Sheldon Adelson, Station Casinos co-Owners Lorenzo and Frank Fertitta and Wynn Resorts Chair & CEO Steve Wynn “all liked the stadium project” (LAS VEGAS REVIEW-JOURNAL, 4/17).