Vegas Is Possibly Getting ‘NBA Ready’ With New Arena Project
It looks like Las Vegas could very likely get an NBA team. And there’s already an arena project planned to accommodate. Basketball columnist Jon Canzano recently predicted that the NBA is going to announce two new expansion teams when its current media rights deal expires (TheStreet). That will occur in 2024, which gives Las Vegas less than two years to get an arena ready. And Canzano predicted that Vegas is one of the two expansion teams to be announced.
Of course, T-Mobile Arena could work, but its well-known that a professional sports team prefers their own arena. Dedicated to their team and their fans. And Oak View Group is the development team more than happy to accommodate. They are working on a $3billion arena project scheduled to break ground this year.
The 25-acre sight will be located at the intersection of I-15 and I-215 on the south side of The Strip. It’s supposed to be the biggest development on the strip since Resorts World. Now called OVG Las Vegas Hotel & Casino, the project “is an industry game-changer, and we will usher in the evolution of Las Vegas as the new entertainment and, sports capital of the world”, said OVG CEO Tim Leiweke in a press release (TheStreet).
This project has gotten the attention of an impressive team of consultants. Including legendary entertainment executive Irving Azoff, former Raiders President Marc Badain, and former president and COO of Bellagio Randy Morton. The project is said to include an 850,000 square foot arena with 20,000 seats, a casino, a hotel with 2000 rooms, and an amphitheater dedicated to entertainment.
Badain said publicly that they are looking to build “the greatest arena on Earth”, and he made it very clear it is meant for an NBA team (TheStreet). But the decision to bring that team to Las Vegas is in the hands of the NBA. We’ll just have to wait and see if they like Vegas as much as Vegas likes them.
–Wendy Rush, 96.3KKLZ Las Vegas
11 Places Close To Las Vegas To Buy A Lottery Ticket