LAS VEGAS (KSNV MyNews3) — A second public forum to discuss a proposed Major League Soccer stadium downtown scheduled for Thursday evening has been postponed.
Findlay Sports and Entertainment and The Cordish Companies are still in negotiations with the city and have yet to agree on terms for the arena, according to a news release from the City of Las Vegas.
Once those terms are finalized, the planned meeting will be rescheduled. It will be the first of a series of public meetings.
Bringing a state-of-the-art arena and an MLS team to town will cost more than $300 million and will include the arena and an entertainment district. The project is proposed for Symphony Park just north of The Smith Center for the Performing Arts.
The Cordish Company has been in talks with the city about a proposed sports arena for three years. With the involvement of Findlay Sports and Entertainment earlier this year, the focus moved to developing an MLS arena.
Findlay Sports and Entertainment and The Cordish Companies would be responsible for purchasing an MLS team, signing a long-term lease with the stadium and developing and investing the requisite private funds to construct the stadium.
Findlay Sports would be accountable for managing the team, while the stadium would be owned by the city of Las Vegas.
Seating approximately 24,000 people, the planned stadium would feature revolutionary concessions and fan entertainment experiences, according to the developers.
An independent analysis states the total economic benefits to the city could exceed $3 billion over its first 30 years and create more than 1,000 construction and permanent jobs.