A summary of the Nevada sports arena initiative
CARSON CITY, Nevada: Appearing on the Nevada 2012 ballot, the citizen-initiated sports arena initiative would allow a 20,000-seat sports arena on the Las Vegas Strip. Specifically the initiative would impose a 0.9 cent sales tax in a taxing district near the proposed arena. The revenue would finance bonds to construct the arena.
The legislature had a March 18, 2011 deadline to decide whether or not to enact the measure. Early reports indicated that there was not enough support in the legislature for the measure to be approved, meaning it was likely to appear on the 2012 ballot. The legislature, specifically the state senate, confirmed that sentiment and rejected the measure, sending it to the statewide ballot for a public vote on March 17, 2011.
A competing measure on the 2012 ballot, Senate Bill 495, was introduced on March 28, 2011 as a response to the certified sports arena ballot measure. The proposal would prohibit a special tax district in the state. Also, the bill would prohibit the creation of an area in which the sales tax was higher than other parts of the county. The measure was introduced by the Senate Revenue Committee, and according to State Senator Sheila Leslie, chairwoman of the committee, if approved by the Legislature, the bill would be placed on the 2012 ballot as a competing measure to the sports arena initiative, which it was.
Leslie also stated that the proposal that received the most votes in the 2012 general election would win. However, if neither measure receives 50 percent of the vote, both would be considered rejected by voters.
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