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November 28, 2014

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Henderson to hear proposal for stadium complex near M Resort

Plans for a proposed multiple-stadium sports complex near M Resort are scheduled to be unveiled Tuesday at the Henderson City Council meeting.

The proposed complex, which has a reported price tag of $2 billion, would be situated on federal land east of Interstate 15, just south of M Resort.

The project would be developed by the Las Vegas National Sports Complex LLC and led by Christopher Milam.

A request for comment from the company Wednesday wasn’t returned.

At this point, Henderson’s involvement in the project is only supporting the developer’s application to purchase federal land through a direct sale.

City spokesman Bud Cranor described the item before the City Council on Tuesday as the first in a series of agreements.

If the land purchase application is approved, the company would need to perform feasibility studies before the sale were to go through, Cranor said.

“There’s quite a bit of work on (the developer’s end), which they’ll have to do,” he said. “It’s not even close (to a done deal).”

The project would involve four stadiums at the site built in two phases, according to city documents.

It would create 10,000 construction jobs and 4,000 permanent service and management jobs, according to the document.

The project would be privately financed, although there is an opportunity to use tax increment financing districts or other tools to help with the costs, Cranor said. He emphasized that taxes would not be raised on Henderson residents as a result of the project.

Director of Utility Services Dennis Porter said the terms of the initial agreement are still being finalized, and there is a slight chance the presentation could be moved to a future City Council meeting.

The timetable for the project is still unclear, but Porter said if financing is secured and all the technical hurdles are cleared, construction could begin as early as next summer.

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  1. I hope that one of the stadiums is for a NHL team to come to Vegas! There is going to be a couple teams up for sale in the next 2 years, let's bring one to Vegas. More jobs as well as more reasons for tourist to come to Vegas. Gives us locals something to support & get behind.

  2. Some how Milam has managed to make a business out of arena proposals. He needs Steve Wark on board, gettin it done.

    However, if there is a proposed space for a Stadium, this one is it, the only thing it needs beside it is a train depot for the Desert Express, and subway transit to and from Downtown Las Vegas.

    This is so far in the future, the jobs will mean nothing to today's proposal.

  3. Privately funded and in a location that makes sense. Those two go a long way. Well see.

  4. "use tax increment financing districts or other tools to help with the costs" That tells you he's looking at taxes to pay for it.
    He better look someplace else. No more taxes, especially for stadiums. If teams want a stadium, let them buy it. Cities don't make money on stadiums and taxpayers bare the brunt of paying for them while teams and players make millions.

  5. Get it done!

  6. Good luck to Mr. Milam. Perhaps he can help stop BLM from selling CeMex the rights to operate the largest open pit gravel mine in the State of Nevada about 1/2 mile south of his proposed stadium complex. The Draft EIS for that gravel pit mine has been issued, but completely ignores the negative health and air quality impacts from mining particulate matter on the 22,000 people who live in Southern Highlands, let alone the same negative health effects on people sitting outside at the M or in the stadium. (By the way, no thanks to the Obama Administration for help in getting the BLM under control. It's still run by the same corporate cowboys we learned to hate in the Bush Administration.)

  7. I have not been for a stadium coming to town that would cost taxpayers to build the arena. However, I've reconsidered it, and I would be willing to put up 100 dollars towards the project if it was in the right location and no NBA team. . Near the M seems really good. Although, the 100 would be a onetime payment. Expect nothing else.

  8. I'll keep my fingers crossed that it will happen and without any cost to the already tax burdened residents of Henderson.

  9. cheaper land and plenty of parking so it starts to make sense. Building some type of arena on/near the strip does not.

  10. Truthiness,
    Additional new taxes in the name of 'wealth re-distrubution'---thumbs down
    Additional taxes to have tangible investments materialize in your town---thumbs up