Las Vegas Considers Taxes For A Stadium

The Las Vegas City Council could determine the future of a stadium project that would go downtown by next week. The city council will consider the creation of a Tourism Improvement District on 59 acres that include Symphony Park in the next meeting. Cordish Companies and Findley Sports are working on a financial plan for a soccer stadium and a Major League Soccer team. They have until September to finalize that plan.

A tourism district creates a funding system where sales taxes can be collected in order to issue long-term debt. Some council members are against any plan that raises taxes.

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