LAS VEGAS (AP) — Las Vegas is considering a deal with a developer to reshape a downtown stadium area to boost a bid for a Major League Soccer expansion franchise.
The City Council plans a vote next week to give The Renaissance Companies Inc. six months to come up with a plan involving the aging Cashman Field baseball stadium, now home to the minor-league soccer Las Vegas Lights FC.
Mayor Carolyn Goodman tells the Las Vegas Review-Journal the development could also include hotel and apartment space.
Lights owner Brett Lashbrook tells the newspaper the plan would have him sell his United States Soccer Federation team to an investor represented by Renaissance.
The Review-Journal says documents show the investor would be Baupost Group LLC, a hedge fund managed by Massachusetts billionaire Seth Klarman.
Information from: Las Vegas Review-Journal, http://www.lvrj.com