New $1.6 Billion Sports Arena Proposed for Las Vegas

By: AP Email
By: AP Email

LAS VEGAS (AP) - A developer who once wanted to build a sports arena on the Las Vegas Strip is airing a proposal for a nearly $1.6
billion downtown sports complex - and is also trying to poke holes in a rival plan for a 40,000-seat domed stadium at the University of Nevada, Las Vegas.

The new proposal by International Development Management LLC,
the Romani Group and Turner Construction would include a 50,000-seat partially enclosed football stadium, a 17,500-seat basketball and hockey arena and a 9,000-seat partially enclosed baseball stadium on 70 acres near the Interstate 15 Spaghetti Bowl freeway interchange, the Las Vegas Sun reported Tuesday.

Dubbed the Las Vegas National Sports Center, the plan became
public just days before the state's university Board of Regents was due to consider giving the developer behind the Staples Center in Los Angeles exclusive right to develop a domed stadium at UNLV.

It was unclear whether International Development Management
representatives plan to address regents on Friday about the plan
announced last week by Majestic Realty Co. owner Ed Roski and
president Craig Cavileer.

Roski and Cavileer outlined plans for a domed stadium at UNLV to be part of a 150-acre development that would also include campus housing, shops, restaurants and a makeover for the aging Thomas &
Mack arena, which is home to UNLV basketball.

A cost estimate or a timetable weren't given.

Roski's company is also part owner of the NBA's Los Angeles Lakers and the NHL's Los Angeles Kings. He also owns the Silverton Casino Lodge in Las Vegas.

His plan, under the name UNLV Now, has backing from UNLV
President Neal Smatresk.

International Development Management once proposed a project
called the Silver State Arena on the former site of a Las Vegas Strip water park near the Sahara hotel. It told the Clark County Commission in July that an NBA team was "under contract" to play in the arena if it were built.

The Sun reports the investment group now says it would seek lease agreements for UNLV football, basketball and baseball teams to play in its downtown facilities for $1 a year.

The company also criticizes several aspects of the UNLV Now plan, including whether the Federal Aviation Administration would allow a domed stadium close to the north end of a busy McCarran International Airport runway, and whether UNLV could sign an exclusive negotiating agreement with Majestic without a competitive
bid process.

The Las Vegas National Sports Center would also face significant
hurdles, including the question of whether it could attract professional sports tenants. However, IDM says the stadiums would be privately financed, with construction to start this year and finish by October 2013 with no new taxes or tax redirections needed to build them.

Las Vegas Mayor Oscar Goodman has long sought to bring an NBA
team to Las Vegas, and the league played its all-star game in Las
Vegas in 2007. The NBA Summer League also plays in Las Vegas.

NBA Commissioner David Stern has said Las Vegas needs a quality
arena to get an NBA team, and he has expressed concern about Nevada casinos taking wagers on NBA games.

Major League Baseball flirted with Las Vegas in 2004 before the
Montreal Expos relocated to Washington, D.C., and became the
Washington Nationals.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 115612209