Las Vegas Sands lays out plan for $1.3B NFL-grade stadium

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A March 1, 2016 photo shows at an empty lot near Tropicana Avenue and Koval Lane in Las Vegas. Las Vegas Sands Corp. and Majestic Realty Co. want to build a stadium on land owned by UNLV that would likely be domed, seat about 65,000 people, cost at least $1 billion and rely to some extent on tourism-based taxes. (Mikayla Whitmore / LV Sun)

LAS VEGAS (AP) — Las Vegas Sands casino executives say they’re serious about trying to build a $1.3 billion stadium at UNLV and attract an NFL team there.

Proponents of the stadium laid out their case for building a 65,000-seat venue at a Thursday meeting of the Southern Nevada Tourism Infrastructure Committee. Economic analysts said the project could generate $46 million in new tax revenue each year even if no NFL team came to Las Vegas.

Company executives said they want public financing to supplement their private investment, but they declined to give a specific proposal on how much. A preliminary report proposed $780 million come from public sources.

Critics are concerned that the project would divert hotel room tax dollars away from an ongoing effort to expand the Las Vegas Convention Center.

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