Las Vegas Events to Review Offer on NFR - 8 News NOW

Las Vegas Events to Review Offer on NFR

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LAS VEGAS - The Las Vegas Events Board of Directors will meet Wednesday to consider a new proposal to keep the National Finals Rodeo in Las Vegas.

The Las Vegas Events board received the Professional Rodeo Cowboys Association's counteroffer Tuesday.

The new offer comes a month after Las Vegas Events made an offer that would have kept NFR in Las Vegas for the next 10 years. Las Vegas Events also offered $15 million a year to keep the rodeo in the valley.

PRCA rejected that proposal and countered with a new deal. The terms of this counteroffer are not known.

Las Vegas has hosted NFR for 29 years. LVE officials say this event would not be the same anywhere else.

"For twenty nine years, Las Vegas has played as big a role in the success of this," said LVE President Pat Christenson. "The growth and how we have wrapped our arms around this and brought it to where it is today, it is absolutely perplexing that they could believe that they could duplicate it anyplace else."

The annual event provides a significant boost to Las Vegas, generating an estimated $100 million for the local economy each year.

UNLV Economics Professor Mary Riddel says if NFR leaves, Las Vegas would lose a huge financial contributor at a bad time of the year.

"That's particularly important because, in December, it used to be really a dead period in terms of the Strip and Las Vegas. The rodeo boosted economic activity at a time when we really needed it," she said.

In recent years, NFR sold 175,000 tickets, making it the largest sporting event in the valley.

Osceola County, Florida and Dallas, Texas are competing with Las Vegas for the rights to host the National Finals Rodeo.

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