The NBA may not be ready to expand just yet, but Las Vegas is going to be prepared.
A new group secured 25 acres of land near the Las Vegas Strip and announced plans on Wednesday for a new sports and entertainment district complete with an “NBA-ready” 20,000-seat arena.
“The arena will be world class,” Oak View Group CEO Tim Leiweke said on CNBC. “We’re prepared to spend about a billion dollars on building the new arena. It will be for music, it’ll be for sports, it’ll be for cultural activities. Should the NBA decide to come — and by the way there’s no certainty or no guarantees that the NBA is ever coming to Vegas, but should they come — we will certainly be NBA-ready and make sure that we hit all of their standards.