The BLM's offer gives Silver State Land LLC, a Delaware corporation working with the City of Henderson, an
advantage in acquiring the property and starts a 45 day clock for bidding and public comment.

The BLM would accept bids and Silver State Land would have the opportunity to match the best offer. The minimum
bid the BLM will accept for the land is $10.6 million under rules which require the Government to accept the fair market value when selling property.

Henderson, which has a development agreement with businessman Chris Milam to build a multi-stadium sports project made the request to BLM to build " enclosed, covered stadium to create a distinctive sports venue and mixed-use facilities."

Although the offer by the BLM gives stadium backers a chance to secure land for development, it doesn't guarantee the project will advance.

Milam has proposed stadium development in the City of Las Vegas before but failed to deliver results and also a deal to buy the Las Vegas 51s baseball team fell apart because of tax issues.

Milam also faces competing stadium proposals for a stadium at the UNLV campus, and an arena backed by Caesar's proposed on the strip. Still, Milam has persisted.

In February, Milam's company reported in a news release it had secured a memo of understanding with Chinese banking partners to provide "full financing and construction of the 750,000 square foot, 17,500 seat, $650 million state of the art Silver State Arena in Las Vegas, Nevada."