If you're a soccer fan in Las Vegas, December 17 is a big day.
An official Tumblr post by the City of Las Vegas revealed that a City Council vote is scheduled on that day regarding "a revised term sheet that, if approved, would clear the way for a new downtown soccer stadium to be built." The meeting will be streamed online (click here).
According to detailed information about the revised term sheet published by the City of Las Vegas, the proposed $200 million stadium, which would be situated at Symphony Park, would be "privately owned, privately managed and privately operated."
The City of Las Vegas says that the current deal calls for private funding from a group headed by Findlay Sports & Entertainment and The Cordish Companies that would cover roughly $143 million of the stadium project, while the city would kick in $25 million in bonds toward the stadium and another $31 million in infrastructure funding.
"If the City Council votes to accept the term sheet on Wednesday, Dec.17," reads the city's post, "then the project is set to move forward pending Major League Soccer choosing Las Vegas for the expansion franchise that is available. If MLS does not award Las Vegas a franchise then the stadium would not be built."
Las Vegas is one of the cities making a push for an MLS expansion team and representatives of the bid recently visited with league officials at the MLS league office in New York City.
