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By Alan Snel, LVSportsBiz.com Publisher-Writer
The Las Vegas host committee had a $55 million budget to help the National Football League put on Super Bowl 58.
LVSportsBiz.com learned this week about the updated budget that was originally $60 million, but the most recent budget is at $55 million.
The $55 million are needed to help put on a Super Bowl for one simple reason — it’s expensive to do business in Las Vegas.
The Las Vegas Convention and Visitors Authority (LVCVA), the public tourism agency, is on the hook for $40 million, while the Las Vegas Super Bowl Host Committee is responsible for raising $15 million for the $55 million budget.
The host committee is expected to raise more than $15 million and any money over $15 million will be used to reduce the LVCVA’s $20 million commitment.
The final bills for the host committee are not in like the final public safety costs, Metro fire and EMS and all the stadium staffing.