SBD/April 22, 2013/Facilities

UNLV Stadium Would Cost Nearly $550M, Majority Of $900M UNLV Now Project

Most of the cost associated with the UNLV Now project comes from the stadium
The estimated cost for UNLV's proposed 60,000-seat domed stadium is $548.4M, the "biggest chunk" of the $900M UNLV Now stadium project, according to Alan Snel of the LAS VEGAS REVIEW-JOURNAL. UNLV officials have "publicly refused to discuss project costs, but did share the price tag" in a Nov. 20, 2012, cost estimate report with representatives of the hotel-casino industry and the Las Vegas Convention & Visitors Authority. The Eiman Consulting report shows that total Phase 1 project costs "for what UNLV has dubbed the 'Mega Events Center,' excluding financing costs, hit $899,841,523." That includes $52.7M in "contingency costs." While the proposed stadium has "garnered the spotlight and scrutiny, the project has profound implications for other university sports." UNLV to build the stadium "will have to relocate the playing fields of several sports and build new facilities." In addition, the cost-estimate report found that campus buildings "will need to be relocated, including half a dozen buildings that will cost more than $950,000 apiece" (LAS VEGAS REVIEW-JOURNAL, 4/22).
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