Following the National Basketball Association’s approval of expanding the league to Las Vegas, Nevada, several potential Las Vegas-based arenas have popped up.
NVBEX has covered the expansion process and other proposed basketball arena projects. Click here to view our previous coverage.
Las Vegas Diamond Arena
One of the freshly proposed arena plans is the 21,212-seat Las Vegas Diamond Arena. This plan, in its current form, encompasses several structures, such as a 100KSF ground-level plaza as well as 140KSF dedicated to broadcasting and team purposes.
Las Vegas Diamond Arena would bring about 18,000 parking spaces. The development would be constructed on an 11-acre site that contains an existing shopping center. If approved, the shopping center will be demolished to make way for the arena.
The 11-acre site is located at the NEC of Las Vegas Blvd. and Four Seasons Drive. Multiple landowners would serve as the stakeholders.
A timeline and cost estimate for the project have yet to be prepared, as developers are waiting to hear from the NBA. Project spokesman Tom Letizia said multiple conversations have been had between project representatives, the NBA, potential ownership groups, Clark County officials and the Federal Aviation Administration.
There are currently no plans to affiliate this project with a local hospitality group. This opens the door for a potential NBA ownership organization.
Starr Vegas Master Plan
The Starr Vegas proposal consists of several projects to be constructed on a 63-acre plot of land near West Starr Avenue and South Las Vegas Blvd.
The project consists of two separate arenas that will each double as a concert venue. The first is a 50,000-seat soccer arena with a retractable roof. The second will be the 25,000-seat basketball arena. This arena will be reconfigurable to a 12,500-seat venue, if needed.
The project consists of other entertainment-related developments, such as a boxing museum, comedy venues and a Las Vegas Combat Sports Hall of Fame. The development will also feature hotels, retail and office elements.
This project, estimated at $10B, has already secured $6B in funding with the CEO of In Tickets We Trust, Lou Weisbach. The project is also joined by Larry Canarelli and K. Roohani.
Backers of this proposal have also sought conversations with the NBA and Major League Soccer.
