Claim: The tax payers will be stuck

[LVfan]

Clark County taxpayers are not at risk even if the stadium revenue fell short of projections

Indy Explains: How the A's stadium revenue 'waterfall' will repay public funds

Under the legislation (SB1) — which the Legislature approved Wednesday and awaits Gov. Joe Lombardo’s signature — the stadium would sit in a “sports and entertainment improvement district” created by Clark County commissioners. Tax revenues generated within that district would be pooled together to pay off the public funding for the stadium, a concept known as “tax-increment financing” (TIF), also known in this case as a “mega-TIF” because it would use all tax revenues and fees generated within the district.

Presenters of the bill have described the use of tax revenues generated from the stadium district as a “waterfall” that would start with payments on the principal and interest of the bonds issued by the county, then go toward other expenses including operations of the Las Vegas Stadium Authority and filling up a reserve account aimed at backing up bond payments if tax revenues come up short.

Detailed discussion...

https://thenevadaindependent.com/ar...ium-revenue-waterfall-will-repay-public-funds