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LV Stadium Idea Gets More Time

Extension For Company Planning Soccer Stadium

LAS VEGAS (AP) — The Las Vegas City Council has approved a contract extension with a developer who announced plans to build a professional soccer stadium in downtown Las Vegas.

Councilmembers voted 6-1 Wednesday to ink a deal with Baltimore-based Cordish Companies and its new partner, Findlay Sports and Entertainment Group. The deal gives the partners until Sept. 1 to develop a financing plan.

The city has maintained an exclusive contract for years with Cordish, which planned to build an arena in the revitalized downtown. But the project failed to materialize, and Cordish has irked some residents by proposing a tax to fund it.

After MGM Resorts broke ground on a privately funded arena this month, Cordish announced it was changing directions and pursuing Major League Soccer.

The original contract was set to expire June 1.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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