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City Council votes in favor of downtown soccer stadium | News

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City Council votes in favor of downtown soccer stadium

 LAS VEGAS -- The Las Vegas City Council voted Wednesday to clear the way for a new downtown soccer stadium to be built.

The agreement, which was amended from its original proposal, would create the opportunity for Las Vegas to host a Major League Soccer expansion franchise. The vote was 4 - 3 for approval at the City Council meeting.

Council members debated for several hours over the stadium issue and the major sticking point was public funding.

"I have asked, do you want a public soccer team in Las Vegas and the answer I get continually is – ‘not if it uses public funds,'” said Councilwoman Lois Tarkanian, Las Vegas City Council.

“The one thing I've been focused on since the beginning, is the public funding aspect of it. I've been against public funding of this project and I'm still against public funding for this project,” according to Councilman Stavros Anthony, Las Vegas City Council.

The amendment greatly reduces the amount of the city's investment in the project from $115 million to $25 million. The total cost of the stadium is $200 million.

The rest of the money for the stadium will come from the Cordish Company and Findlay Sports and Entertainment Group. The city's cash will be generated by hotel room tax.

Project supporters said an independent study showed the stadium could be a boost to the economy because it will generate millions in revenue and employ a lot of people.

The kinks of the city's financial contribution to the stadium has been worked out, but the deal is still contingent upon securing a MLS franchise.


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