$410 million Las Vegas soccer stadium deal closer; next stop, Major League Soccer...
The long rumored soccer stadium in Las Vegas looks to be back on the agenda.
On Wednesday NBC News 3 reported that a preliminary deal has been struck between The city of Las Vegas, The Cordish Companies and Findlay Sports & Entertainment for a $410 million downtown stadium in Sin City. The plan is to have an MLS team in downtown Las Vegas by 2017.
In that report the capacity of the stadium is said to be 24,000 and it will be specifically designed for a Major League Soccer franchise. However the Dan Patrick Show also revealed details about the potential stadium housing an NHL franchise, watch that above. The stadium is likely to be an indoor arena, due to the intense heat in Vegas throughout the summer, so having MLS and NHL teams share the venue isn’t the craziest idea we’ve ever heard.
After reports first surfaced about Las Vegas trying to house an expansion franchise many months ago, MLS certainly haven’t been shy when speaking about potentially having a team in Nevada.
[RELATED: MLS heading to Vegas?]
Back in May MLS Deputy Commissioner and President Mark Abbott spoke on the topic and confirmed the league have been in talks with the city about potential expansion. Here’s what Abbott said about Vegas’ MLS prospects.
The stadium would be situated in the “Symphony Park area, north of the Smith Center for Performing Arts” and would become a multi-purpose arena for the many other events which take place in Las Vegas year-round.
Financially, according to this report, public funds would be used for 31 percent of the $300 million venue, which is expected to rise to $410 million, equating to $123 million of the tax-payers money. The Findlay-Cordish group was set up specifically to bring soccer to South Nevada and will foot all the bills for an MLS team and it is also worth noting that the stadium will not be built until Las Vegas is awarded an MLS franchise.
Cordish Companies is one of the largest real estate developers in the nation and their joint-proposal will be voted on by officials from the city of Las Vegas at their next meeting on Sept. 3.
It seems like having a pro soccer team in Sin City is edging closer to becoming a reality. Stay tuned.