Developers want city taxpayer help to build a professional soccer stadium in downtown Las Vegas.
This week and next, developers and city staff are on tour throughout the city touting the $200 million stadium and its financing through a series of public meetings.
One issue is that the city would fund about 78 percent of the upfront costs of the stadium, through general fund tax dollars and the issuance of city/taxpayer-guaranteed bonds. Over 30 years, the city would need about $8 million annually to pay off those bonds.
A big chunk of that $8 million is expected to come from team rent paid to the city over 30 years.
But what happens if the team fails to draw a big enough fan base and can't make those payments?
Justin Findlay, Findlay Sports and Entertainment
Bob Beers, Las Vegas city councilman
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