Vegas Mayor: 'We'll Never Have a Professional Team'

The only way Las Vegas can support a new sports arena is through public financing, Mayor Oscar Goodman told reporters during his weekly press conference this week. And without an arena, the city will never nab an NHL or NBA team. "There are no free lunches," Goodman said, when told it was difficult to find much local support for public financing. "With that kind of attitude, that kind of philosophy, we'll never have an arena. We'll never have a professional team here, end of story."

According to reports in the Las Vegas Sun, the mayor supports building an arena in the downtown's Symphony Park area and claims that public financing through a bond initiative on the ballot would make it a reality. One idea calls for the creation of a tourist improvement district that would pay for the public bonds, and a certain amount of the sales tax generated in the district would be used to retire the bonds.

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