Summary: MGM Resorts International is currently concerned about the parking situation involving the upcoming Las Vegas Stadium, worried that the stadium visitors might try to use their casino parking for events at the venue.
Las Vegas, Nevada will soon be home to the Las Vegas Stadium, a sporting and event venue that is set to bring in an influx of even more visitors to the gambling city. Because of the larger numbers of visitors to the region, certain gambling operators are worried about parking. MGM Resorts International is an operator that is stating their concern about patrons of the stadium trying to park at their casinos.
During a recent board meeting with the Las Vegas Stadium Authority, President of MGM Resorts International, Bill Hornbuckle, was on hand to discuss his concern over the potential parking issues. Mr. Hornbuckle used the meeting to talk about how the company feels that the stadium parking may be an issue
MGM is worried that people who attend games at the new stadium will use the parking at their gaming venues to have access to the property. MGM has several properties near the stadium including the Luxor, MGM Grand, Mandalay Bay, New York-New York and Excalibur. The company is worried that the stadium will take parking spaces from their patrons, which would be bad for business.
According to Hornbuckle, MGM is ‘petrified’ that they will be ‘choked out’. The company is extremely concerned about where they are and what will happen once the stadium is fully functioning.
The stadium will be home to the NFL’s Raiders and will cost $1.8 million to complete. The 65,000 seat stadium will be domed and has 2,700 parking spaces onsite. The venue also has 12,000 parking spaces located off site. The offsite parking is located within satellite parking lots. Fans who use the offsite parking spaces will be shuttled to the stadium for a fee that has yet to be determined.
The nearby resorts have parking garages and these garages have been mentioned within the proposal by the Raiders for the stadium. In the proposal, it stated that it was reasonably assumed that the parking garages of the venues would be used on game days and it would reduce the need for dedicated parking for the stadium.
Hornbuckle pointed out in the meeting that the company had helped with the opening of the T-Mobile Arena in Las Vegas which is located in the Strip, that the problem was a parking plan. The company ended up building the Excalibur garage because of issues involving parking.
MGM pointed out additional concern about parking, as the monorail extension for the Mandalay Bay is not progressing as it originally was planned, and it will not be ready once the stadium opens in two years. This will add to the problem with parking and transportation as the venue begins hosting Raiders games and other events.
Marc Badain, the President of the Raiders, commented on the remarks of MGM, stating that they are not surprised over the concern. The two sides have already had conversations involving parking over the past year and he understands the issue at hand.
Badain pointed out that the parking plan will be worked on and modified as needed for the first kick off in 2020 with the stadium. Parking is an important part of game day, says Badain and it will remain an important part, so the brand will continue to revise the plan to ensure it gives fans what they want.