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UNLV Campus Improvement Authority Board Review of Stadium Tours, Estimated Building Costs and Proposed Calendar of Events April 24, 2014 TABLE OF contents 1) TOURS OF TEXAS STADIUMS ............................................................3

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UNLV Campus Improvement Authority Board

Review of Stadium Tours, Estimated Building Costs and Proposed Calendar of Events

April 24, 2014

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1) TOURS OF TEXAS STADIUMS ............................................................3 2) GENSLER SUN STUDY ..................................................................... 40 3) LAS VEGAS STADIUM COST ESTIMATE

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4) LAS VEGAS STADIUM EVENT CALENDAR

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TABLE OF contents

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1

TOURS OF TEXAS STADIUMS

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STadiumS TouRS:

  • On April 2nd, 2014 project representatives toured three

recently built stadium developments based in Texas

  • AT&T Stadium in Arlington, TX – Dallas Cowboys
  • Amon G. Carter Stadium in Fort Worth, TX – Texas Christian

University

  • McLane Stadium in Waco, TX – Baylor University
  • The primary purpose of the tours were to better understand:
  • Stadium operations
  • Third party event activity
  • Building program and design elements
  • Outfit of premium spaces
  • Infrastructure
  • Other relevant elements of each stadium development

TouR PaRTiCiPanTS:

  • UNLV Representatives
  • CIAB Members
  • CSL International / Legends
  • Venue Solutions Group

aT&T STadium dallaS CowBoyS amon G. CaRTER STadium TCu mClanE STadium BayloR univERSiTy

TOURS OF texAs stAdiums

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aT&T STadium

yEaR oPEnEd CaPaCiTy

  • Sq. FooTaGE

PRojECT CoST PRojECT FinanCE:

  • County contributed $25 million for roads/parking lots
  • The City of Arlington provided $325 million in voter-approved City bonds
  • Bonds backed by 0.5% sales tax increase, 2% hotel tax and 5% car rental tax.
  • The City issued $114 million in revenue bonds
  • Bonds backed by 10% admission tax, $3 parking surcharge.
  • The Cowboys funded their contribution via private bond issues and NFL loans drawn on club seat and PSL revenue.
  • PSL sales generated approximately $500 million in project funding.
  • Cost overruns were the responsibility of the Cowboys

PREmium SEaTinG:

  • AT&T Stadium features 300 suites at an average annual cost of around $300,000.
  • AT&T Stadium also offers over 14,000 club seats sold at an average annual fee of approximately $3,370.
  • The Cowboys placed PSLs on 56,314 seats in the stadium (86 percent of capacity)
  • Seat license prices ranged from $2,000 to $150,000 per seat
  • Total potential seat license revenue of $650.0 million

2009 80,000 3.0M sq. ft. $1,214M

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aT&T STadium ExTERioR

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aT&T STadium SEaTinG Bowl

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aT&T STadium CluB lounGE

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aT&T STadium CluB lounGE

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aT&T STadium FiEld lEvEl CluB

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aT&T STadium FiEld lEvEl CluB

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luxuRy SuiTE ovERviEw

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aT&T STadium FiEld lEvEl SuiTE

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aT&T STadium PRivaTE SuiTE

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aT&T STadium BaSkETBall ConFiGuRaTion

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aT&T STadium BaSkETBall ConFiGuRaTion

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aT&T STadium BoxinG ConFiGuRaTion

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aT&T STadium ConCERT ConFiGuRaTion

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aT&T STadium moToRSPoRT ConFiGuRaTion

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amon G. CaRTER STadium

PRojECT FinanCE:

  • 100% donor funded project cost of $164 Million
  • Primary Sources:
  • 6 Founding Partners at $15 Million each plus oil income from site
  • Suites were sold for up front contributions of $1-5 Million for $30 Million
total provided most of remainder of project funding.
  • Could have charged double for suites.
  • No Long term debt financing
  • Commercial Paper at 2% for 5 years as bridge financing
  • Project included new luxury suites, club seats, club lounge, West

Stand and a new press box

PREmium SEaTinG:

  • 6 Founders Suites - $15MM capital gift
  • 25 luxury suites - $1MM, $2MM, or $5MM capital gift
  • Suite rights for 10, 20, or 25 years
  • 2,600 club seats -$2,500-3,000 year donation with minimal ticket

price with food included.

  • 5% annual escalator on tickets
  • All revenue towards scholarship fund
  • High level of interior finishes in clubs and suites by HKS
  • ThER PRojECT ElEmEnTS
  • Low Suite positions modeled after AT&T Stadium
  • Premium Tailgate amenities and parking are very successful

($2,500/space X 1,000spaces)

  • Scoreboard signs were done for $2.5 Million contribution.
  • Bowl Signage is simple with only moderate corporate advertising

presence.

yEaR oPEnEd CaPaCiTy

  • Sq. FooTaGE

PRojECT CoST

1930, 2012 Renovation 45,000 279,179 sq. ft. $164M

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amon G. CaRTER STadium nEw ExTERioR

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amon G. CaRTER STadium inTERioR ConCouRSES

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amon G. CaRTER STadium End ZonE PaRTy dECk

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amon G. CaRTER STadium CluB lounGES

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amon G. CaRTER STadium STandaRd SuiTES

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amon G. CaRTER STadium FoundERS CluB SPaCE

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amon G. CaRTER STadium individual FoundERS SuiTE

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amon G. CaRTER STadium PREmium TailGaTE ZonES

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mClanE STadium

PRojECT FinanCE:

  • Baylor took on a multi-initiative fundraising campaign to develop

the $260 million McLean Stadium along with other facilities on campus.

  • City of Waco provided $35 million in TIFF funds
  • Baylor athletics are paying $100 million over 20 years to fund the

new stadium

  • Approximately $82.5 million capital gift donations required for

the purchase of club seats, loge boxes and luxury suites in the new stadium.

  • Stadium naming rights provided $25.0 million in funding
  • Field naming rights accounted for $17.5 million

PREmium SEaTinG

  • Premium seating at the stadium will include:
  • 6 Founder’s Suites
  • 36 luxury suites
  • 79 loge boxes
  • 1,200 club seats
  • Founder’s Suites required a minimum contribution of $10.0M
  • Included 20 years of suite holder benefits.
  • 36 luxury suites required a contribution between $1M and $3M
  • Included suite holder benefits for seven to 15 years
  • Capital seat gifts tied to the 42 suites generated $140M
  • Including several donors who gave more than $10.0M and received naming
  • pportunities throughout the stadium
  • Loge Boxes required gifts between $40,000 and $250,000+
  • Club seats required gifts from $5,000 to $150,000+.
  • Approximately $22M was generated by loge box and club seat

capital gifts.

  • Overall, Baylor generated approximately $162M in capital seat

donations.

yEaR oPEnEd CaPaCiTy

  • Sq. FooTaGE

PRojECT CoST

2014 45,000 860,000 sq. ft. $260M

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mClanE STadium STadium ExTERioR

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mClanE STadium STadium ExTERioR

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mClanE STadium STadium Bowl

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mClanE STadium SCoREBoaRd

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mClanE STadium ShadinG SySTEm

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mClanE STadium SuiTE and CluB dECk

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mClanE STadium loGE BoxES

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mClanE STadium loGE Box REndERinGS

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mClanE STadium CluB SEaTinG aREaS

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mClanE STadium viEwS

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2

GENSLER SUN STUDY

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Las Vegas Stadium – 40’ Small Roof 92,188 Sq. Ft. of Roof

LAS VEGAS STADIUM sun study

Gensler

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Las Vegas Stadium – 75’ Medium Roof 147,780 Sq. Ft. of Roof

LAS VEGAS STADIUM sun study

Gensler

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Las Vegas Stadium – 125’ Large Roof 227,165 Sq. Ft. of Roof

LAS VEGAS STADIUM sun study

Gensler

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3

LAS VEGAS STADIUM COST ESTIMATE

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mClanE STadium - BayloR

yEaR oPEnEd loCaTion ConSTRuCTion CoST CaPaCiTy CoST PER SEaT ConCouRSES widTh lEnGTh FooTPRinT SquaRE FEET

2014 Waco, Texas $250.0 million 45,000 $5,556 2 650’ 815’ 529,750 sqft 860,000 sqft

Note: Construction cost only includes hard costs; not inclusive of soft costs like design and architectural fees, land, interest or other development costs.

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TCF Bank STadium - minnESoTa

yEaR oPEnEd: loCaTion: ConSTRuCTion CoST:

(2014 dollaRS)

CaPaCiTy: CoST PER SEaT: ConCouRSES: widTh: lEnGTh: FooTPRinT: SquaRE FEET:

2009 Minneapolis, Minnesota $375.0 million 50,805 $7,381 2 715’ 910’ 650,650 sq. ft. 908,000 sq. ft.

Note: Construction costs have been inflated by 5% a year, with construction starting in
  • 2006. Construction cost only includes hard costs; not inclusive of soft costs like design and
architectural fees, land, interest or other development costs.

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houSTon STadium

yEaR oPEnEd loCaTion ConSTRuCTion CoST CaPaCiTy CoST PER SEaT ConCouRSES widTh lEnGTh FooTPRinT SquaRE FEET

2014 Houston, Texas $105.0 million 40,000 $2,625 1 650’ 910’ 591,500 sq. ft. 660,000 sq. ft.

Note: Construction cost only includes hard costs; not inclusive of soft costs like design and architectural fees, land, interest or other development costs.

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laS vEGaS STadium

CaPaCiTy ConCouRSES widTh lEnGTh FooTPRinT SEaTinG Bowl inTERioR SPaCE SquaRE FEET

50,000 2 675’ 900’ 607,500 sq. ft. 280,000 sq. ft. 350,000 sq. ft. 900,000 sq. ft.

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LAS VEGAS STADIUM cost estimAte

Total&Construction&Cost $392,057,717 Total&Construction&Cost Soft&Costs $98,014,429 Soft&Costs Total&Hard&&&Soft&Costs $490,072,146 Total&Hard&&&Soft&Costs Shading&System Project&Cost&with&40&ft&Small&Roof& Project&Cost&with&75&ft&Medium&Roof& Project&Cost&with&125&ft&Large&Roof&

OpenJAir OpenJAir&with&Shading

$392,057,717 Total&Construction&Cost $392,057,717 Total&Construction&Cost $392,057,717 98,014,429 Soft&Costs 98,014,429 Soft&Costs 98,014,429 $490,072,146 Fixed&Fabric&Roof&Premium 142,004,648 Retractable&Roof&Premium 192,004,648 Project&Cost&with&Domed&Roof $632,076,794 Project&Cost&with&Retractable&Roof $682,076,794 $497,407,341 $504,770,252 $514,172,081

OpenJAir&with&Shading Domed Retractable&Roof

iTEmS wiThin CoST ESTimaTE:

  • Demolition & Site Clearing
  • Site Utilities
  • Excavation & Foundation
  • Structural Frame
  • Roofing & Waterproofing
  • Exterior Wall
  • Interior Finishes
  • FF&E
  • Scoreboard
  • Playing Field
  • Equipment and Specialties
  • Food Service Equipment
  • Seating
  • Vertical Transportation
  • Plumbing
  • Fire Protection
  • HVAC
  • Electrical
  • Audio Visual
  • Site Work
  • General Requirements

PoTEnTial addEd CoSTS:

  • Add to Lower the Playing Field 25’

below grade

  • $10 to $20 million range

CoSTS To BE dETERminEd:

  • Parking
  • Site Improvements
  • Transportation Enhancements
  • Other Required Infrastructure

Retractable Roof Domed

Total&Construction&Cost $392,057,717 Total&Construction&Cost Soft&Costs $98,014,429 Soft&Costs Total&Hard&&&Soft&Costs $490,072,146 Total&Hard&&&Soft&Costs Shading&System Project&Cost&with&40&ft&Small&Roof& Project&Cost&with&75&ft&Medium&Roof& Project&Cost&with&125&ft&Large&Roof&

OpenJAir OpenJAir&with&Shading

$392,057,717 Total&Construction&Cost $392,057,717 Total&Construction&Cost $392,057,717 98,014,429 Soft&Costs 98,014,429 Soft&Costs 98,014,429 $490,072,146 Fixed&Fabric&Roof&Premium 142,004,648 Retractable&Roof&Premium 192,004,648 Project&Cost&with&Domed&Roof $632,076,794 Project&Cost&with&Retractable&Roof $682,076,794 $497,407,341 $504,770,252 $514,172,081

OpenJAir&with&Shading Domed Retractable&Roof

Open-Air With Shading System

Total&Construction&Cost $392,057,717 Total&Construction&Cost Soft&Costs $98,014,429 Soft&Costs Total&Hard&&&Soft&Costs $490,072,146 Total&Hard&&&Soft&Costs Shading&System Project&Cost&with&40&ft&Small&Roof& Project&Cost&with&75&ft&Medium&Roof& Project&Cost&with&125&ft&Large&Roof&

OpenJAir OpenJAir&with&Shading

$392,057,717 Total&Construction&Cost $392,057,717 Total&Construction&Cost $392,057,717 98,014,429 Soft&Costs 98,014,429 Soft&Costs 98,014,429 $490,072,146 Fixed&Fabric&Roof&Premium 142,004,648 Retractable&Roof&Premium 192,004,648 Project&Cost&with&Domed&Roof $632,076,794 Project&Cost&with&Retractable&Roof $682,076,794 $497,407,341 $504,770,252 $514,172,081

OpenJAir&with&Shading Domed Retractable&Roof

Open-Air

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4

LAS VEGAS STADIUM EVENT CALENDAR

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EvEnTS idEnTiFiEd in maRk RoSEnTRauB STudy:

  • 1. PAC-12 Football Conference Championship Game

(December)

  • 2. NFL Exhibition game (August)
  • 3. New College Football Bowl Game (December)
  • 4. Neutral Site College Football Game (Fall)
  • 5. Second Neutral Site College Football Game (Fall)
  • 6. International Soccer Festival (Summer)
  • 7. Electronic Music Festival (2 to 3 days, Summer)
  • 8. Country Music Festival (either with ACM weekend or

another time) 2-3 days

  • 9. UFC International Fight Week (Summer)
  • 10. Tour Concert (Summer)
  • 11. Tour Concert (second, Summer)
  • 12. Winter Kick Soccer Festival (February)
  • 13. Rock Music Festival (Summer)
  • 14. X Games (Summer)
  • 15. NFL Pro Bowl (January)
  • 16. MWC Football Championship Game (December)
  • 17. NFR Closing Event (December)
  • 18. Wrestlemania
  • 19. Republican or Democratic National Convention
  • 20. NCAA Final Four Basketball Championships
  • 21. Comic-Con
  • 22. Boxing
  • 23. MLS All-Star Game
  • 24. Corporate Events

LAS VEGAS STADIUM

PotentiAl events

Mark Rosentraub study anticipated that

15 NEW MEGA- EVENTS

will take place at a new mega-events center/stadium in Las Vegas on an annual basis.

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LAS VEGAS STADIUM

PotentiAl events

PoTEnTial EvEnTS aT a nEw STadium idEnTiFiEd By CSl:

  • UNLV Football
  • Major League Soccer (MLS)
  • International Soccer
  • Friendlies
  • MLS vs. International Clubs
  • Guinness International Champions Cup
  • Gold Cup
  • Major Concerts
  • Festivals
  • Rugby
  • Ruby VII’s tournament
  • Rugby XV’s neutral site matches
  • International test matches
  • Rugby VII’s World Cup 2018
  • Rugby VII’s regional / Olympic qualifiers
  • Signature Events
  • Mountain West Conference Football Championship
  • Pac-12 Conference Football Championship
  • Miss Universe Pageant
  • Las Vegas Marathon
  • NASCAR Champion’s Week
  • Academy of Country Music Awards
  • Armed Forces Classic
  • Champions Classic
  • Major Non-Recurring Events
  • NCAA Final Four
  • NFL Pro Bowl
  • NFL Preseason
  • Republican/Democratic National Convention
  • X Games
  • SEMA Show
  • Las Vegas Bowl
  • New Collegiate Bowl Game
  • Neutral Site Collegiate Football Games
  • Ultimate Fighting Championship (UFC)
  • UFC International Fight Week
  • Boxing
  • Motorsports
  • Monster Jam
  • Supercross

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LAS VEGAS STADIUM event summAry

EvEnT ComPaRiSon oF RooF SCEnaRioS:

  • A closed roof stadium is estimated to attract

two additional major non-recurring events

  • A new bowl game is projected to be held at a

closed roof facility but not at an open-air

  • A major boxing event is projected to be hosted

at a closed roof stadium

  • An additional concert could be held at a

closed-roof stadium

  • An open-air stadium is projected to bring one

additional major rugby event

  • An open-air stadium could be more attractive

for hosting international soccer events and is projected to host one additional event

  • Excluding MLS matches and UNLV football

games, CSL projections for closed roof (18) and open-air (16) are in-line with the annual mega-event projections made in the Rosentraub study (15)

SBS SBS CSL CSL Category ¡Existing Future Closed ¡Roof Open-­‑Air UNLV ¡Football 6 6 6 6 MLS 17 17 International ¡Soccer 1 1 2 Major ¡Concert 2 1 Festival Rugby 1 3 4 Signature 1 1 Major ¡Non-­‑Recurring 2 Las ¡Vegas ¡Bowl 1 1 1 1 New ¡Bowl ¡Game 1 Neutral ¡Site ¡NCAA ¡Football 2 2 UFC 1 1 Boxing 1 Motorsports 3 1 3 3 Total ¡Events 12 8 41 38 Total ¡Events ¡(excluding ¡MLS) 12 8 24 21

Event ¡Progamming ¡Summary

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LAS VEGAS/UNLV multi-PurPose stAdium

hyPoThETiCal EvEnT CalEndaR FoR CloSEd RooF SCEnaRio

CloSEd RooF STadium EvEnT SummaRy:

  • Total Events – 41
  • UNLV Football – 6
  • MLS – 17
  • International Soccer – 1
  • Rugby – 3
  • Signature – 1
  • Major Non-Recurring – 2
  • Las Vegas Bowl – 1
  • New Bowl Game – 1
  • Neutral Site NCAA Football – 2
  • UFC – 1
  • Boxing – 1
  • Motorsports – 3
Week ¡1: Occupancy: Week ¡2: Occupancy: Week ¡3: Occupancy: Week ¡4: Occupancy: Week ¡1: UNLV ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ Football-­‑1 MLS-­‑14 Occupancy: Week ¡2: Occupancy: Week ¡3: Occupancy: Week ¡4: Occupancy: Supercross ¡Finals MLS-­‑7 MLS-­‑10 MLS-­‑13 Las ¡Vegas ¡Bowl 94.8% 70.7% MLS-­‑17 UNLV ¡Football-­‑6 MLS-­‑12 MLS-­‑15 Mosnter ¡Energy ¡Cup 95.8% 87.8% MLS-­‑9 UNLV ¡Football-­‑2 UNLV ¡Football-­‑3 UNLV ¡Football-­‑5 November December UFC ¡Fight ¡Week MLS-­‑11 MLS-­‑16 UNLV ¡Football-­‑4 Signature ¡Event ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ Pac ¡12/MW ¡Championship Monster ¡Jam ¡Finals MLS-­‑4 94.4% July August September October 91.2% MLS-­‑1 MLS-­‑5 MLS-­‑2 MLS-­‑6 MLS-­‑8 Rugby ¡VII's ¡Tournament MLS-­‑3 83.6% 94.3% Closed ¡Roof ¡Stadium January February March April May June
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LAS VEGAS/UNLV multi-PurPose stAdium

hyPoThETiCal EvEnT CalEndaR FoR oPEn-aiR SCEnaRio

  • PEn-aiR STadium EvEnT SummaRy:
  • Total Events – 38
  • UNLV Football – 6
  • MLS – 17
  • International Soccer – 2
  • Rugby – 4
  • Signature – 1
  • Major Non-Recurring – 0
  • Las Vegas Bowl – 1
  • New Bowl Game – 0
  • Neutral Site NCAA Football – 2
  • UFC – 1
  • Boxing – 0
  • Motorsports – 3
Week ¡1: Occupancy: Week ¡2: Occupancy: Week ¡3: Occupancy: Week ¡4: Occupancy: Week ¡1: UNLV ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ Football-­‑1 MLS-­‑14 Occupancy: Week ¡2: Occupancy: Week ¡3: Occupancy: Week ¡4: Occupancy: MLS-­‑7 MLS-­‑11 MLS-­‑10 Las ¡Vegas ¡Bowl 94.8% 70.7% MLS-­‑17 UNLV ¡Football-­‑6 MLS-­‑9 UNLV ¡Football-­‑2 UNLV ¡Football-­‑3 UNLV ¡Football-­‑5 MLS-­‑12 MLS-­‑15 Mosnter ¡Energy ¡Cup December UFC ¡Fight ¡Week MLS-­‑16 UNLV ¡Football-­‑4 Signature ¡Event ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ ¡ Pac ¡12/MW ¡Championship 95.8% 87.8% Monster ¡Jam ¡Finals MLS-­‑4 94.4% July August September October November MLS-­‑1 MLS-­‑5 MLS-­‑2 MLS-­‑6 MLS-­‑8 MLS-­‑13 Rugby ¡VII's ¡Tournament MLS-­‑3 Supercross ¡Finals 83.6% 94.3% 91.2% Open-­‑Air ¡Stadium January February March April May June
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Tiank y

  • u