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Las Vegas Stadium Authority approves $1.23 million UNLV payment for lost Sam Boyd revenues
Summary
The board approved a $1,234,888.61 payment to UNLV to compensate for lost net income from closing Sam Boyd Stadium, with a board member who works for UNLV recusing.
The Las Vegas Stadium Authority on May 22 approved a compensation payment of $1,234,888.61 to the University of Nevada, Las Vegas for lost net income tied to the closing of Sam Boyd Stadium.
Staff described the payment as a compensation eligible under section 34 of Senate Bill 1 for a period of up to 10 years. The item was on the agenda as an action item, and staff recommended approval.
Mike Newcomb, who identified himself as the executive director of the Thomas & Mack Center and Cox Pavilion at UNLV, disclosed a conflict of interest and said he would abstain from deliberation and voting because his employer would directly benefit. Newcomb’s disclosure was included in the record.
A board member moved to approve the payment; the board then recorded its vote and the item passed. The board chair announced the motion passed unanimously.
Staff said the payment represents compensation for the fall 2024 season and is one of up to 10 eligible payments to UNLV under the statute. Newcomb’s abstention was noted on the record.
