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Sands Says Stadium Would Add a New Venue Dimension to Vegas

Hil Anderson
, Senior Editor
April 1, 2016
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Las Vegas, NV –  The Las Vegas Sands said the domed football stadium it was proposing for the city was not meant to derail efforts to keep up with the growth of the booming convention and trade show market.

Rob Goldstein, President & COO of Sands

Sands officials said the proposed stadium would add a new dimension to the Las Vegas tourism industry and deserved a piece of the city’s hotel room tax revenues that have been earmarked for expansion of the Las Vegas Convention Center (LVCC). “We should do two things at once,” Sands President and COO Rob Goldstein told the Southern Nevada Tourism Infrastructure Committee (SNTIC) at its March 24 meeting.

“First of all, we should continue to strive to make sure that the Las Vegas Convention and Visitors Authority (keeps Las Vegas) as the No. 1 convention market in the U.S.,” Goldstein said.

The SNTIC meeting was the first official discussion of the controversial project, which would challenge the current plan to devote room tax revenues to the convention center expansion. The committee will discuss the stadium’s potential impact on airport traffic and flight operations at nearby McCarran International Airport at its next meeting on April 28.

Sands and its development partner, Majestic Realty of California, produced estimates that the $1.3 billion stadium on the University of Nevada-Las Vegas (UNLV) campus was in good position to eventually become the home of a National Football League franchise. The result would be about 26 games and special events, such as major concerts and bowl games as well as UNLV home games. The events would generate more than $785.6 million in revenue annually.

Unlike recent stadium proposals in Los Angeles and San Diego, the Las Vegas stadium has not been pitched to the SNTIC and Clark County voters as a spillover space for existing trade show space. Goldstein instead stressed the untapped potential of drawing sports fans to town, particularly from neighboring California. “If we can get an NFL team here, it is an important step forward for tourism and for Las Vegas,” he said. “It may fail, but it is worth the effort.”

Sands backed up its contention with a poll it said showed voters were in favor of the stadium project. The Las Vegas Review-Journal said MGM Resorts announced it had conducted a poll that showed the public actually favored spending room tax revenues on the convention center expansion. Sands has argued in the past that using tax revenues to expand the LVCC was improper because it amounted to government support for a project that directly competed for business with the Sands Expo & Convention Center.

Reach  Rob Goldstein at (702) 414-1000 or  Robert.Goldstein@sands.com; Rossi Rallenkotter at (702) 892-0711 or rrallenkotter@lvcva.com

 

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