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December 21, 2014

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Las Vegas Strip arena initiative advances

Updated Monday, Dec. 6, 2010 | 2:19 p.m.

CARSON CITY – A proposal to build an arena on the Las Vegas Strip might be headed for the 2011 Nevada Legislature, but first it will face a legal challenge.

The secretary of state’s office says it has verified more than enough voter signatures to move the initiative petition along.

Matt Griffin, deputy secretary of state in charge of elections, said Monday that 157,778 signatures were certified as registered voters on the petition. It needed 97,002.

Opponents have seven days to file suit, Griffin said. An effort to stop the initiative was made in district court, but failed. That could be appealed to the Nevada Supreme Court.

The arena concept is backed by Caesars Entertainment Corp. but opposed by MGM Resorts International.

Scott Scherer, attorney for the nonprofit Taxpayers for Protection of Nevada Jobs, which includes MGM, said he believes there are a lot more invalid signatures on the petition. He indicated a lawsuit will be filed Wednesday next week in district court in Carson City.

Financing for the proposed 18,000-seat arena to attract either a professional basketball or hockey team would be financed by an increase of 0.9 percent in the sales and use tax to be imposed in a gaming enterprise zone on the Strip.

To be certified by the secretary of state’s office, the petition had to have at least 5 percent of 221,874 signers be registered voters in each of Nevada’s three congressional districts.

Griffin said there were 45,332 verified signatures in District 1, where 24,944 were required. In District 2, 34,479 signatures were required and the petition had 49,861. In District 3, there were 62,585 certified signatures when 37,561 were needed.

If the Legislature doesn't act on the petition within 40 days or rejects it, it would go on the 2012 ballot for voters to decide.

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  1. Good, put it to the public and ask them if they want to pay taxes for private industry to build a stadium.

    There has been no public funded stadium in this country that has paid off for the taxpayers. Taxpayers do not want to fund this for a private group.

    Let it to private money and build if you want but you are not going to get the taxpayers to back this one.

  2. A legal challenge from the people who brought us a mini-Manhattan (CityCenter)

    Since they aren't paying for all the safety violations they committed in that debacle of an eyesore, they can afford to pay for this battle.

    Face it folks, this is a tourist town that needs some updates and finally a greedy, in-debt corporation is finally thinking of more than their won golden parachutes..

    Actually realizing they could make more money by creating jobs and attracting tourist than by ripping them off and gutting the employee morale

  3. Privatizing Profits and Socializing Expenses

  4. If you build it why can't the profits go to the taxpayers I mean they are the biggest investor,
    And why would you need anyone else involved why can't the city buy a pro team that way the city could be in control of if that team wants to leave or not.
    I know there are people for it but lets face it they don't care who owns the team they just want it.
    And what about the media coverage who will own that and are there any ongoing negotiations.
    If you really think about it there really is no reason for anyone else to be involved with this venture.

    "don't invest your money into something that you cannot control 1. The profits 2. The expenses"
    Warren Buffet