Oak View Group (OVG), a sports and live entertainment venue development firm, today announced its vision to build an entertainment district including an arena in Las Vegas. Groundbreaking and construction for the estimated $3B project is scheduled for 2023.
The 25 acres, which is located on 66.5 acres of land near the intersection of two major freeways, I-15 and I-215, will feature an 850,000 square foot arena, a casino, a hotel, and an additional entertainment venue. Featuring as many as 20,000+ seats, the arena will host live events including concerts, sporting events, entertainment, conventions, and more.
Former president of the NFL's Las Vegas Raiders, Marc Badain, has partnered with Oak View Group to spearhead and consult on the new project. Gensler and Populous are the architecture firms of the project.
Nevada Governor Steve Sisolak commented, "We are proud Oak View Group has chosen Nevada for its next and largest project. This newly proposed entertainment district in Las Vegas will help continue the state's economic momentum and create thousands of jobs and greater prosperity for Nevadans. I look forward to seeing the many opportunities this creates in Las Vegas."
The site is adjacent to the planned Brightline high-speed rail station, and it is estimated that more than 13 million vehicles coming from California pass the site every year.
"This announcement marks the next step in solidifying our reputation as #TheGreatestArenaOnEarth," said Michael Naft, Clark County commissioner. "The team assembled has the track record and ability to bring another world-class venue to our world-class destination. They also have the expertise and history of building a carbon zero and zero waste facility."
"South of the Las Vegas strip represents one of the few areas of potential future growth of the gaming and entertainment corridor," said Tim Leiweke, CEO of Oak View Group. "This unprecedented 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."