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Term Sheet: Taxpayers Would Be On Hook For 75% Of Costs For Las Vegas MLS Stadium
Published August 27, 2014
REBEL YELL: The LAS VEGAS REVIEW-JOURNAL's Snel cites a Kimley Horn engineering study as identifying "two viable" UNLV stadium sites, "with one requiring realignment of Swenson Street to accommodate a facility southwest of the Thomas & Mack Center." Moving Swenson would cost either $107M or $115.8M, "depending on which of two realignment options is chosen." Engineers also "checked out a second potential stadium site -- a 42-acre, off-campus private site off Tropicana Avenue on the east side of Koval Lane." Engineers estimated that this site's cost would be $49.8M, "excluding land acquisition," which could be in the $55M range. Wells Fargo & Co. owns the site. The Kimley Horn report "will be presented to the UNLV stadium board" tomorrow (LAS VEGAS REVIEW-JOURNAL, 8/27).