ZZZ - GMG - VEGAS INC 2011-2014

January 28, 2013

VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more

Issue link: http://www.ifoldsflip.com/i/105502

Contents of this Issue

Navigation

Page 5 of 35

development unlv now stadium touted as a 'game changer' for the city By Paul Takahashi staff writer UNLV's 60,000-seat stadium proposal will feature a 100-yard-long video screen, making it the "world's largest multimedia immersive experience," according to developers. UNLV officials and the school's private partner, Majestic Realty, presented an update to Nevada's higher education leaders this month, revealing more design details and information on the "mega events" stadium — dubbed UNLV Now — and what it is expected to bring to Las Vegas. "This project is a game changer for UNLV and Las Vegas," said Don Snyder, UNLV Now's project lead. "It's an important and significant project for the state as well. It's the next big thing." Developers still have not put a price on the center — widely reported to be in the neighborhood of $800 million — but Snyder confirmed UNLV would seek more private funding beyond what Majestic provides. The Las Vegas Area Convention and Visitors Authority, casinos and hotels — "the industry" as Snyder called it — also will be asked to contribute an undetermined amount. "This is a three-way partnership between UNLV, our private partner (Majestic) and the industry," Snyder said, "It's natural that they play a role." A study by the University of Michigan's Center for Sport Management determined that with 15 events annually, a mega-events center would produce a total of $393.2 million in new direct spending for Las Vegas' hospitality sector. These new events might include a Mountain West Conference football championship game, a new college foot- will be the video screen, which Cavileer said would be viewable from 80 percent of the seats. The main screen would be a full 40 yards longer than the one in Cowboys Stadium, which is the largest high-definition video screen in the world. Plans also call for four smaller video screens in the corners. "When Vegas puts on a show, people expect something amazing," Cavileer said. "People are going to expect an over-the-top facility. (UNLV Now) should be phenomenal and iconic." Dan Meis, an architect with Woods Bagot, worked with Cavileer on the Staples Center in Los Angeles and is designing the UNLV stadium. The Jan. 11 presentation to the Nevada System of Higher Education regents was for information only; regents will paul takahashi be presented with the estimated costs model stadium: Majestic Realty partner Craig Cavileer packs up a cutaway model of the UNLV Now stadium project after the Nevada System of Higher Education's Board of Regents meeting. during a public workshop, scheduled for Feb. 22. Pick 'Em Get smart Power tweets Overheard Done Deal During the next six months, UNLV ing combination." ball bowl game, a NFL stadium details Craig Cavileer, Silver- will: exhibition game, the UNLV Now will be fully enclosed and feature two ton resort president and UFC International Fight n Seek approval from the Legislaclubs, six 300-seat VIP suites Majestic's project repre- ture to allow a tax-increment finance Week, a championship and more than 50 conventional sentative to Chatter Now, hear UNLV boxing match, a soccer district for the project. If the district is Power Lunch The Numbers Sin City Media We suites seating 10 to 24 guests. said the stadium would approved, the project would be exempt expo, a smaller Electric be more on the order from paying property, sales and live enDaisy Carnival music click this .com of a giant theater with YOUR festival, the American For Las Vegas Sun AD tertainment taxes for an estimated 25 Sports Editor Ray the 100-yard-long video HERE 30 years. Country Music awards to Brewer'shigh Sell low VEGASINCmag Buy take on Executive Read this! The Pitch screen and interactive back n Contact the LVCVA, hotels and casiand touring concerts. class is the project, go to lights. "We will secure a lot nos to seek their pledges. tinyurl.com/brewerunlvnow. He said the design elemore events if we have n Seek approval from regents for an ments drew from Cow- "area plan" for the stadium. this stadium," said Pat — which plays host to Christenson, the president of Las Ve- boys Stadium 95 n Complete the "basic economic gas Events, which seeks to attract major NFL football games, the Cotton Bowl terms" between Majestic and regents, Vegas then VEGASinc2021 Gate keeper American Moonlighting games and expected in late February. events to Southern Nevada. "Because this Classic, NCAA Tournament dream venue itself will become an attraction, it's concerts — and London's Olympic StadiIf all goes according to plan, UNLV ? ? going to help sell more tickets. With the ? um, which was constructed for the 2012 and its developer partners hope to ? ? event, the Las Vegas (Strip) and the venue, Summer Olympics. break ground in the next two years. The ! The centerpiece of the UNLV stadium stadium could be completed by 2017. it's going to be a highly powerful marketThe innovator FortuneCookie Grilled The Survivor NOW SERVING LAS VEGAS $ For the Health of Your Business Maria Nutile, esq. Susan M. Pitz, esq. Kelly S. McIntosh, esq. Lyn E. Beggs, esq. Celebrating 10 Years Serving Nevada's Business Community 6 20130128_VI06_F.indd 6 WWW.NUTILEPITZ.COM • • • • • Business Formation and Structure Sales and Acquisitions Contract Review and Negotiation Healthcare Compliance/HIPAA Fraud and Abuse/Licensing Investigations 1070 W. HORIZON RIDGE, STE 210 • HENDERSON, NV 89012 • 702.307.4880 675 SIERRA ROSE DR, STE 101 • RENO, NV 89511 • 775.284.1020 | @NutilePitzLaw 28 JANUARY 2013 | 1/24/13 2:35:09 PM

Articles in this issue

Links on this page

Archives of this issue

view archives of ZZZ - GMG - VEGAS INC 2011-2014 - January 28, 2013