SNTIC Stadium Presentation

LAS VEGAS DOME
THE TIME IS NOW
Image Courtesy of MANICA Architecture. All Rights Reserved.
EXECUTIVE OVERVIEW
Site Status
Building Design and Site Layout
Project Cost Estimation
Financial Sources and Uses
Benefits to UNLV, Las Vegas, Clark County and Nevada Residents
A Super Bowl in Las Vegas
Legislative Review Process and Approval
SITE STATUS
BUILDING DESIGN
AND SITE LAYOUT
10
11
12
13
PROJECT COST
ESTIMATION
PROJECT COST ESTIMATION

COST BREAKDOWN ($M)
Construction Costs
$1,325
Land, Infrastructure and Site Costs
375
Practice Facility
100
Contingency
100
TOTAL PROJECT INVESTMENT
$1,900
15
FINANCIAL SOURCES
AND USES
FINANCIAL SOURCES AND USES

SOURCES
Team (Debt, PSLs and NFL G-4 Program)
$500
Public Investment (39%)
750
Private Investment
650
TOTAL SOURCES
$1,900
USES
Stadium Construction
$1,325
Land, Infrastructure and Site Costs
375
Practice Facility
100
Contingency
100
TOTAL USES
$1,900
17
BENEFITS TO UNLV, LAS VEGAS,

CLARK COUNTY AND NEVADA
RESIDENTS
ECONOMIC & FISCAL IMPACT

ECONOMIC IMPACT SUMMARY NFL INCLUDED
NET NEW ANNUAL OPERATIONS IMPACTS:
CLARK COUNTY
STATE OF NEVADA
Direct Spending
$530,310,000
$410,405,000
Total Output
$869,951,000
$678,710,000
7,987
6,703
$335,113,000
$260,560,000
$10,868,000
$13,541,000
Live Entertainment Tax
N/A
$15,631,000
Modified Business Tax
N/A
$2,985,000
$4,906,000
$3,504,000
Jobs (FTEs)
EARNINGS
FISCAL IMPACT SUMMARY NFL INCLUDED

NET NEW ANNUAL OPERATIONS IMPACTS:
Sales Tax
Hotel Tax
NV General Fund Gaming Tax
Car Rental Tax
Subtotal
TOTAL COMBINED
N/A
$4,573,000
$243,000
$1,214,000
$16,017,000
$41,448,000
$57,465,000
Source: Rosentraub, Mark. "Economic Impact Estimates." 28 April 2016.
19
MEDIA EXPOSURE
The Raiders hired Nielsen Sports (formerly Repucom) to evaluate the
potential media exposure value provided by the Raiders to Las Vegas
The City of Las Vegas can expect to earn ~$100M in annual exposure
value from the Raiders
Value generated through text and logo exposure and verbal
mentions across TV broadcasts, earned media and Raiders-owned
digital and social platforms
Attracting major sporting events can generate an additional $51.7M in
value for the City of Las Vegas
Reflects the combined media exposure value associated with the
Super Bowl, College Football Championship and Final Four
20
INTANGIBLE BENEFITS COLTS CASE STUDY

Indiana residents have firsthand experience
with the level of excitement and interest
created by sports, which are described as the
intangible benefits of sports. In an effort to
determine support for the construction of a
new stadium in 2005, a research study was
commissioned to understand the value of the
Colts to the residents of the state of Indiana.
The annual value of the intangible benefits
provided by the Colts to Indiana residents
was found to be $83.9M.
Source: Rosentraub, Mark S., and David Swindell. The Value of the Indianapolis Colts To Indiana Residents and Their Willingness To Pay For A New Stadium. (March 2005). Print.
21
$830M+ ANNUAL BENEFIT TO NV

TANGIBLE AND INTANGIBLE BENEFITS ($M)
Net New Annual Operations Economic Impact Clark County
$335.1
Net New Annual Operations Economic Impact State of NV
$260.6
Net New Annual Operations Fiscal Impact
$57.5
Annual Media Exposure Value
$95.1
Annual Value of Intangible Benefits to Nevada Residents
$83.9
22
BENEFITS TO UNLV
1. Changing the identity of UNLV from a commuter school to a residential university
2. Enhancing student competitiveness and attractiveness to compete for students
3. Advancing to a major conference for athletics
4. Further regional economic diversity and enhancement
What better way to tell our story about our new medical school, our
young but acclaimed law school, our world-class hotel program, our
impressive engineering department and the work being done to become
a Tier One research university than through a nationally televised
three-hour broadcast on Saturday afternoons while playing in a
Power Five conference?

Tony Sanchez, UNLV Head Football Coach
23
A SUPER BOWL
IN LAS VEGAS
ECONOMIC IMPACT SB50 CASE STUDY

An independent study of Super Bowl 50 found that the game and the
events that surrounded it had a net positive economic impact on the Bay
Area of nearly $240 million.
$236.5M
Net posi)ve economic impact
$181.1M
$35.8M
$6.6M
$13M
Total hotel
revenue
Direct tax
revenues
Contracts awarded through

Business Connect program
Contributed through
the 50 Fund
$22.6M
$13.2M
State sales
taxes
Regional occupancy
tax revenues
Source: Sportsimpacts, Super Bowl 50: Bay Area Financial Impact Fact Sheet, August 2016.
25
RESIDENT APPROVAL RATING SB50 CASE STUDY

The majority of Bay Area residents said they believed that Super
Bowl 50 increased tourism, created local business opportunities
and showcased the Bay Area as a destination
% of Bay Area Residents Who Agree Super Bowl 50
Increased Tourism
Provided Opportuni6es
for Local Businesses
78%
70%
Created Buzz
67%
Source: Sportsimpacts, Super Bowl 50: Bay Area Financial Impact Fact Sheet, August 2016.
26
SUPER BOWL MEDIA EXPOSURE

The Raiders hired Nielsen Sports (formerly
Repucom) to evaluate the potential media
exposure value provided to Las Vegas by a
Super Bowl
The City of Las Vegas can expect to earn
$35M in media exposure value from a
Super Bowl
Value is generated from visual exposure and
verbal mentions of the Las Vegas area during
the Super Bowl game broadcast and in online
and print news articles, local and sports news
broadcasts and social media throughout Super
Bowl week
27
LEGISLATIVE REVIEW
PROCESS AND APPROVAL
29
0.70% VS. 0.88%?

+0.70%
+0.88%
$109.00
$109.00
$13.08
$13.08
Convention Center Tax Increase (0.50%)
$0.55
$0.55
Stadium Project Tax Increase
$0.76
$0.96
Room Charge with Hotel Tax
$123.39
$123.59
Room Charge
Existing Hotel Tax (12.00%)
Difference
$0.20
30

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LAS VEGAS DOME

THE TIME IS NOW

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

Image Courtesy of MANICA Architecture. All Rights Reserved.

PROJECT COST ESTIMATION

Land, Infrastructure and Site Costs

TOTAL PROJECT INVESTMENT

Image Courtesy of MANICA Architecture. All Rights Reserved.

FINANCIAL SOURCES AND USES

Public Investment (39%)

Land, Infrastructure and Site Costs

BENEFITS TO UNLV, LAS VEGAS,

Image Courtesy of MANICA Architecture. All Rights Reserved.

ECONOMIC & FISCAL IMPACT

Live Entertainment Tax

Modified Business Tax

FISCAL IMPACT SUMMARY NFL INCLUDED

Source: Rosentraub, Mark. "Economic Impact Estimates." 28 April 2016.

INTANGIBLE BENEFITS COLTS CASE STUDY

$830M+ ANNUAL BENEFIT TO NV

Net New Annual Operations Economic Impact State of NV

Net New Annual Operations Fiscal Impact

Annual Media Exposure Value

Annual Value of Intangible Benefits to Nevada Residents

ECONOMIC IMPACT SB50 CASE STUDY

Contracts awarded through

RESIDENT APPROVAL RATING SB50 CASE STUDY

SUPER BOWL MEDIA EXPOSURE

Image Courtesy of MANICA Architecture. All Rights Reserved.

0.70% VS. 0.88%?

Convention Center Tax Increase (0.50%)

Stadium Project Tax Increase

Room Charge with Hotel Tax

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