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Companies announce stadium plans, MLS franchise pursuit

Reported by: Reed Cowan
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Updated: 5/14/2014 8:04 pm
LAS VEGAS — Findlay Sports and Entertainment and The Cordish Companies today announced plans they are aggressively pursuing a plan to bring the first major professional sports team to the city of Las Vegas.

The plan includes the construction of a state-of-the-art stadium designed specifically for Major League Soccer. The new MLS stadium would be home to a Las Vegas-based MLS franchise and would be located in Las Vegas’ expanding the downtown district known as Symphony Park, north of The Smith Center for Performing Arts.

The stadium would accommodate approximately 24,000 fans and include revolutionary concession and fan entertainment experiences. The combination of the stadium and team is projected to total in excess of a $300 million investment in downtown Las Vegas.

According to an independent analysis, the total economic benefit to the city is projected to exceed $3 billion over its first 30 years and create more than 1,000 construction and permanent jobs.

MLS is well ahead of its schedule to meet the league's goal of 24 teams by 2020 with several cities competing for the remaining teams.

"I'm very excited about the prospect of MLS soccer coming to Las Vegas," said Mayor Carolyn G. Goodman. "Major league sports are long overdue for our city. I especially love that the Findlay family — longtime supporters of Southern Nevada — are so heavily involved.

"I think the Findlay and Cordish concept of developing a professional soccer stadium on Symphony Park will only compliment the exciting venues we already have downtown, and bring our city to a whole new level."

Under the proposed agreement, Findlay Sports and Entertainment and The Cordish Companies would commit to purchasing an MLS team, signing a long-term lease with the stadium as well as be responsible for developing and investing the requisite private funds to construct the stadium.

Findlay Sports and Entertainment would be responsible for the management of the team. The stadium would be owned by the city of Las Vegas.

— From news release


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