New MGM arena isn't the only game in town - 8 News NOW

New MGM arena isn't the only game in town

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LAS VEGAS -- MGM Resorts International broke ground on a new stadium it is building on the Las Vegas Strip, but it is not the only game in town.

Both UNLV and the City of Las Vegas also hope to have a sports complex in the near future. Both have the same hold up: financing.

UNLV and the City of Las Vegas have flirted with this idea for years, but their dreams have yet to become a reality.

"Whoever turns the shovel first will have the NBA franchise here," was what former Las Vegas Mayor Oscar Goodman said six years ago.

Thursday, MGM Resorts International was the first to actually break ground on a new arena. However, it doesn't mean the City of Las Vegas and UNLV are out of the running.

They are both desperately trying to secure a multi-million dollar sports complex.

"We are still in exploration in concert with Cordish. The finances are the biggest piece," Las Vegas Mayor Carolyn Goodman said.

Mayor Goodman says the city just voted to extend negotiations with the private company, Cordish, until June first.

It is a three-and-a-half year conversation she thinks could be favorable for the city, if they just follow the rules.

"It has all come to the point right now that there is a drop-dead date and we have been somewhat hand tied because it is a private company that we have an arrangement with to basically stay out of everything," Goodman said.

Meanwhile, UNLV is in the middle of a feasibility study for a proposed stadium. Right now, the talk is about financing for two specific types of stadiums

"There are pluses and minuses to an open-air versus a dome. I think understanding the costs is an important part of it, but I think also understanding what kind of events can take place in the different types of facilities is going to help to inform kind of where we go," UNLV Interim President Don Snyder said.

Snyder says UNLV is on the fast track to turn talk into action.

"I think that in today's world, we have to anticipate the opportunities and then do something," Snyder said.

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