Las Vegas Sun

November 22, 2014

Currently: 56° — Complete forecast | Log in | Create an account

Proposed UNLV stadium could take in up to $23.1 million a year

Updated Thursday, May 22, 2014 | 2:47 p.m.

UNLV’s proposed on-campus stadium could generate between $7 million and $12.1 million in net operating income during its first year, depending on whether it’s open-air or domed, according to the university’s consultants.

Conventions, Sports and Leisure International officials today presented the UNLV Campus Improvement Authority Board several revenue estimates for a 50,000-seat football stadium that would be located on 60 acres northeast of Swenson Street and Harmon Avenue.

The stadium authority board is tasked with coming up with recommendations for the stadium to Nevada lawmakers by Oct. 1.

A domed UNLV stadium would generate $23.1 million in revenue, while operating expenses would be $11 million during its first year of operation. A covered stadium is estimated to cost between $663.9 million and $713.9 million and could host 127 athletic and catered events a year.

An open-air stadium would generate $15.9 million in revenue, while operating expenses would be $8.9 million during the first year of operation. The open-air or shaded stadium would cost between $490 million and $514.2 million to build and could host 92 athletic and catered events a year.

CSL International’s revenue estimates take into account income from rentals fees, naming rights and sponsorships, general and premium seat ticket sales, food and beverage sales, and facility and ticket fees.

UNLV’s net operating income from its three existing athletic facilities — Cox Pavillion, Sam Boyd Stadium and Thomas and Mack Center — is $3.2 million annually.

CSL officials are expected to present funding options and sources and an updated economic impact projections for each of the four stadium models — open-air, shaded, domed and retractable roof — at its next meeting on June 19.

Here are CSL's projections for the UNLV stadium project so far:



    • 1. Open-air stadium

      Features:

      • Seats: 50,000, including 50 suites, 30 loge boxes and 2,500 club seats.

      • Size: 900,000 square feet

      Events:

      • Events hosted annually: Up to 34 athletic and music events

      • Average attendance annually: Up to 982,000 spectators

      Financials:

      • Revenues: $15.9 million

      • Expenses: $8.9 million

      • Net operating income: $7 million

      Building cost: $490.1 million

    • 2. Shaded stadium

      Features:

      • Seats: 50,000, including 50 suites, 30 loge boxes and 2,500 club seats.

      • Size: 900,000 square feet

      Events:

      • Events hosted annually: Up to 34 athletic and music events

      • Average attendance annually: Up to 982,000 spectators

      Financials:

      • Revenues: $15.9 million

      • Expenses: $8.9 million

      • Net operating income: $7 million

      Building costs:

      • 40-foot shade structure: $497.4 million

      • 75-foot shade structure: $504.8 million

      • 125-foot shade structure: $514.2 million

    • 3. Domed stadium

      Features:

      • Seats: 50,000, including 50 suites, 30 loge boxes and 2,500 club seats.

      • Size: 900,000 square feet

      Events:

      • Events hosted annually: Up to 44 athletic and music events

      • Average attendance annually: Up to 1,435,000 spectators

      Financials:

      • Revenues: $23.1 million

      • Expenses: $11 million

      • Net operating income: $12.1 million

      Building cost: $664 million

    • 4. Retractable roof stadium

      Features:

      • Seats: 50,000, including 50 suites, 30 loge boxes and 2,500 club seats.

      • Size: 900,000 square feet

      Events:

      • Events hosted annually: Up to 44 athletic and music events

      • Average attendance annually: Up to 1,435,000 spectators

      Financials:

      • Revenues: $23.1 million

      • Expenses: $11 million

      • Net operating income: $12.1 million

      Building cost: $714 million

    Join the Discussion:

    Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

    Full comments policy