SBD/Morning Buzz

Term Sheet: Las Vegas To Pay $150M Toward MLS-Ready Stadium

A term sheet indicates that the city of Las Vegas "would be responsible" for more than $150M, or more than 75%, toward the cost of a $200M, "24,000-seat soccer stadium in Symphony Park that would be built for a possible" MLS team. The term sheet "contradicts a press release" sent out yesterday by the city and its two private soccer stadium partners, which stated, "59 percent of these (stadium) costs would be privately financed." The sheet "will be discussed" at a Sept. 3 City Council meeting (LAS VEGAS REVIEW-JOURNAL, 8/27).
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