Wednesday, October 1, 2014

The (#MLS2LV) Show Will Go On

Last month, we were treated to "visions of stadium splendor". All of a sudden, a Downtown soccer stadium became the magic elixir that could somehow catapult Las Vegas into nirvana...

Until reality set in. And then, all of a sudden, Las Vegas Mayor Carolyn Goodman's (I) MLS dreams came crashing down. Once independent experts started poking through the Cordish-Findlay stadium proposal, they found some nasty red alarms. So Mayor Goodman, Cordish, and Findlay announced a new plan.

But is the new plan enough to assuage Las Vegas City Council Members and Las Vegas residents who have been worried about the city being left with the short end of the stick while Cordish & Findlay laugh all the way to the bank (with all those taxpayer provided subsidies)?

Just might it... If it includes $250 million worth of "Downtown investment"?

Maybe. The Las Vegas City Council just voted 6-1 to grant another 2 month extension to Cordish & Findlay. Apparently, the promise to "enhance Symphony Park" is worth both $250 million and a 2 month extension.

However, this just takes us back to the fundamental question at hand. If Cordish can afford $250 million to "enhance Symphony Park", why are Cordish executives and Justin Findlay still demanding public subsidies? Oh, yes. That's right. Their "profit margins are too thin" without public funding.

Last we checked, Cordish & Findlay are still demanding a $3 million per year annual subsidy from the City of Las Vegas. And last we checked, Council Member Lois Tarkanian (D) has promised to vote against any stadium proposal involving any public subsidies.

So what's it going to be? Will Cordish & Findlay finally drop their demands for the City of Las Vegas to essentially pay them to build a soccer stadium on city land? Or will they try yet another scheme to try to flip Council Member Tarkanian's vote? All we know now is that this show will go on to December.

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