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Council Extends Arena Deal

(LAS VEGAS, KXNT)–Las Vegas city council has approved a 4 month extension of an agreement with Cordish Companies aimed at building a 390 million dollar arena near Symphony Park.

The vote was 4-3 in favor, with Bob Beers, Stavros Anthony, and Bob Coffin voting no.

The Arena would be paid with private money and bond money, but there is a 52 million dollar financing gap, raising questions about who would pick up that part of the tab.

The proposed arena

Artist rendering shows location of proposed downtown arena. (courtesy: City of Las Vegas)

Artist rendering shows location of proposed downtown arena. (courtesy: City of Las Vegas)

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