Council Extends Arena Deal
January 22, 2014 2:25 PM
Artist rendering of proposed arena for downtown. (courtesy: City of Las Vegas)
(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)
