UNLV officials are looking at commercial developments including a 30,000-square-foot entertainment building, restaurants and retail stores as possible money-makers to help buy a 42-acre football stadium site at Tropicana Avenue and Koval Lane, near the MGM Grand parking garage.
University of Nevada, Las Vegas officials need to generate the revenue because they want to buy the land from Wells Fargo for $50 million, whether a $523 million, 45,000-seat stadium is built or not. Even if the stadium is not built, UNLV says it still needs the land for uses such as classrooms.
Gerry Bomotti, UNLV senior vice president for business and finance, recently outlined the possible development plans when he updated a Board of Regents committee on the university's proposed land deal.