Las Vegas approves funding for new soccer stadium
Las Vegas city officials approved public funding for a $200 million soccer stadium in hopes of luring an expansion Major League Soccer team, reports the Las Vegas Sun.
Las Vegas is the second city in as many days to approve a stadium plan. Washington D.C.’s council approved development for a 20,000-to-25,000-seat stadium that is scheduled to open by the beginning of the 2017 season.
The Las Vegas city council voted 4-3 to approve financial terms to help build the stadium. The city is expected contribute $56.5 million of the final cost.
The stadium will be built on land at Symphony Park and will also house a parking garage. Another $250 million will be invested by the developers to add retail, office and residential development around the site.
“Our charge is to help the downtown sustain a viability as a place to come to," Las Vegas Mayor Carolyn Goodman said. "We're forward thinking and none of us like the status quo. You can't go backwards."
The stadium will not be built if Major League Soccer doesn’t award the city an expansion franchise. The league’s board of governors are expected to award an expansion team sometime next year.
- Scooby Axson