Las Vegas Balks at Stadium Debt Amid Taxpayers Backlash
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Las Vegas’s rejection of bonds for a soccer stadium to lure Sin City’s first big-league team underscores growing skepticism among local officials nationwide about using taxpayer money for sports venues.
In states and cities across the country, the parks have failed to deliver on developers’ promises of new restaurants and apartments to justify tax breaks and other incentives, causing Atlanta, Chicago and now Las Vegas to reconsider using public money for the facilities. The stance is jeopardizing the casino center’s shot at landing a Major League Soccer expansion club.