Consultant offers three-pronged funding for UNLV stadium

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The consultant for the University of Nevada, Las Vegas stadium board on Thursday offered a three-pronged funding approach to help build a 50,000-seat campus stadium.

Bill Rhoda, president of Plano, Texas-based CSL, identified three “buckets” of money as a buffet approach to help build the stadium — a sales tax zone that could potentially be a resort corridor; the stadium’s net income; and UNLV philanthropy.

The next step is to attach financial numbers to those three concepts, said Rick Arpin, a finance executive with MGM Resorts International, and one of 11 members on the UNLV stadium board charged with studying the proposed stadium’s funding, cost and feasibility. (READ THE FULL ARTICLE)