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buffhockey
When the music's over
Things like this are being printed on a more frequent basis.....
NORM: Silver State Arena plan stays active - News - ReviewJournal.com
NORM: Silver State Arena plan stays active - News - ReviewJournal.com
With the NBA's annual owners' meeting here in four weeks, representatives of the proposed Silver State Arena are moving with urgency on several fronts.
Reps for the arena contacted UNLV last week regarding the possible interim use of the Thomas & Mack Center for an NBA franchise, Vegas Confidential has learned. In a related development, Boyd Group has been contacted by the Silver State Arena group about the possibility of the interim use of The Orleans for an NHL franchise.
An internal NBA committee has been established specifically to evaluate the feasibility of a franchise for Las Vegas, and the NBA owners probably will receive a status update on July 12, the day of the league meetings.
The arena investment group, headed by Christopher Milam, if successful in acquiring NBA and NHL franchises, would relocate them to Las Vegas upon purchase. That would allow the two franchises two seasons to get the organization and players acclimated to the community, develop a fan support base and establish proficient operations. The plan calls for the 20,000-seat arena, which sits on the former Wet 'n Wild site between the Sahara and the incomplete Fontainebleau, to be completed in the fall of 2012.
That timetable is contingent on Clark County commissioners approving partial public funds from the redevelopment district, which was formed almost 10 years ago. The commissioners meet Tuesday to consider several arena proposals. The Silver State Arena financing proposal contemplates no new taxes.
Milam, CEO of International Development Management, told the commissioners at the initial hearing last month the $750 million arena would be 85 percent privately funded, with the other 15 percent coming from the redevelopment agency. Milam said the new arena would create 10,000 jobs, 7,600 of them permanent, and add 100 new event days to the local schedule.
Milam, reached late Sunday night, acknowledged by e-mail that "it is our desire to acquire and relocate NBA, NHL and WNBA franchises to Las Vegas, and to do so at this time, and it is correct that we have opened initial discussions."
It has been reported that an arena has to be a nongaming facility and not associated with any outside hotel or gaming operation.