A developer is preparing to build a $1 billion 'NBA-ready' arena in Las Vegas to bolster a budding sports scene that has added NFL, NHL, and WNBA teams in recent years.The Oak View Group, an international stadium developer, has announced plans to build a $3 billion sports and entertainment district just south of the Strip after acquiring 25 acres from Las Vegas. The proposed 20,000-seat arena will cost $1 billion and is expected to be privately funded, an OVG spokesman told DailyMail.com.For comparison, the city's T-Mobile arena was finished for the NHL's Vegas Golden Knights in 2016 at a cost of $375 million in private funding. Meanwhile Allegiant Stadium, home of the NFL's Raiders, was finished for $1.9 billion in 2020, thanks to $750 million in public funds from municipal bonds and hotel taxes.
Load More
Load More
