拉斯维加斯主城区体育场 = LAS VEGAS DOWNTOWN STADIUM

Downtown arena


拉斯维加斯主城区体育场开发商:巴尔的摩的Cordish有限公司
游说者:前众议员大卫戈德华特


项目描述:在拉斯维加斯市中心20,000个座位的舞台上,旁边的史密斯表演艺术中心。

寻求税收超过30年:1.35亿美元($214的销售; $50的特别评估区内私人停车位; $64生活娱乐税。)

间距:舞台上,提出了作为一个重建项目,以振兴枯萎市区。项目开发预期每年在180音乐会现场,他们认为这将成为社会的“游戏室。“开发人员正在寻求只有75项目产生的税收增量的百分比。

红旗:该Cordish公司是要求城市支持它的一般责任债券,这将使纳税人在钩上,如果城市的项目收入不产生足以支付融资融资。 Cordish正在寻求1000美元对所有空间的私人停车位项目在3000英尺的特别评估世界市场的中心,拥有5000名私人空间估计将花费他们500万美元。

City of Las Vegas

Developer: Baltimore-based Cordish Co.
Lobbyist: Former Assemblyman David Goldwater

Project description: A 20,000-seat arena in downtown Las Vegas, next to the Smith Center for the Performing Arts.
Tax revenue sought over 30 years: $135 million ($21.4 million in sales tax; $50 million from special assessments on private parking spaces in the district; $64 million in live entertainment tax.)
Pitch: The arena is proposed as a redevelopment project to revitalize the blighted downtown area. Project developers anticipate 180 concerts a year at the site, which they believe will become the community’s “play room.” The developer is seeking only 75 percent of the tax increment generated by the project.
Red flags: The Cordish Co. is asking the city to back its financing with general obligation bonds, which would put city taxpayers on the hook if revenue from the project doesn’t generate enough to cover the financing. Cordish also is seeking a $1,000-per-space special assessment on all private parking spaces within 3,000 feet of the project. The World Market Center, which has 5,000 private spaces, estimated that would cost them $5 million.

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