Disconnect

University of Nevada Las Vegas president Neal Smatresk says the school is on the brink of financial collapse. He claims Governor Brian Sandoval’s proposal to cut nearly $48 million from the schools’ budget could force it to declare financial exigency, a move compared to declaring bankruptcy.

However, Nevada university regents gave Majestic Realty, the developer behind Staples Center in Los Angeles 150 days for exclusive negotiations on plans for a 40,000-seat football stadium on campus of UNLV. Majestic Realty also own the Silverton casino in Las Vegas.

The deal allows Majestic and UNLV to work out a plan with authorities including Clark County and aviation officials. It also allows time to seek state legislation to make the campus a special district so taxes generated there can be used to support the project.

There is a disconnect somewhere in all of this.