• Loading stock data...
Monday, June 30, 2025

Las Vegas NBA-Ready Arena Project Grows to $10B

  • Oak View Group is leading project originally budgeted for $3 billion.
  • Vegas is targeting an NBA expansion team potentially owned by a group with LeBron James.
Casinos and attractions on the Las Vegas strip
Matt Cashore-USA TODAY Sports

With NBA expansion on the cards later this decade, the group vying to build a suitable basketball arena in Las Vegas is significantly increasing its investment.

Oak View Group CEO Tim Leiweke said that his company is now budgeting $10 billion for a potential hotel, gaming, and entertainment district after initially laying out $3 billion.

No public money would be required at the outset. “It helps when you walk into a room and say to them, ‘I do not need your money,’” Leiweke said.

The project’s footprint is also growing from 35 acres to 66.

An NBA team in Las Vegas seems to be a near-certainty according to league commissioner Adam Silver, even if the timeline, where the team would play, and who would own it remains to be determined.

OVG led the $1.15 billion rebuild of Climate Pledge Arena in Seattle, which is also seen as a frontrunner for a future NBA expansion team. The SuperSonics played in Seattle from 1967–2008 — winning an NBA title in 1979 — before moving to Oklahoma City in 2008.

LeBron James hasn’t been shy about his desire to be involved in an ownership group of an NBA team in Las Vegas. James has a stake in Fenway Sports Group — the owners of the Boston Red Sox, Pittsburgh Penguins, and Liverpool of the Premier League — which could front the bulk of the expansion fee.

Leiweke is bullish on Las Vegas’ ability to handle another major venue on top of T-Mobile Arena, home of the NHL champion Vegas Golden Knights.

Vegas is the “No. 1 live entertainment market” in the world, Leieweke said.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ESPN, MLB Relationship May Not Be Over After All

The parties restart rights talks amid a high-profile divorce in February.

College Sports Revenue-Sharing Underway As More Changes Loom

July 1 marks the first day schools can directly pay players.

What Would a LeBron James L.A. Exit Look Like?

ESPN’s Bobby Marks said “there isn’t” a trade market for James.
Rob Manfred, Commissioner of the MLB, speaks to the media during Cactus League media day at the Arizona Biltmore on Feb. 18, 2025, in Phoenix.

Manfred, MLB Owners Pitch Directly to Players Ahead of CBA Expiration

Owners see a disconnect between union leadership and individual players.

Featured Today

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.

Bengals Strike 10-Year, $470M Stadium Deal to Stay in Cincinnati

The NFL franchise and Hamilton County have agreed to a new lease.
June 25, 2025

MLB’s Bold Bristol Plan: Inside the Renovation and Potential Records

Work accelerates to convert the massive motorsports venue for baseball.
June 26, 2025

Browns $2.4B Stadium Plan Now Relies on Ohioans’ Forgotten Money

Ohio’s Modell Law is revised, while stadium funding faces new challenges.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
June 24, 2025

Diamondbacks Score Up to $500M for Chase Field Renovation

Concerns about another potential team relocation in Arizona influence the vote.
June 23, 2025

A’s Launch $1.75B Ballpark Build With Funding Puzzle Still Unsolved

Ground is broken in Las Vegas, but funding issues, Sacramento woes persist.
June 23, 2025

World Cup, NFL Draft, New Stadiums in PA … and No State..

Growing sports-related needs conflict with budget worries in the commonwealth.
Fenway Park
June 18, 2025

Fenway Park Concession Workers Poised to Strike 

The unionized workers overwhelmingly voted to authorize a strike.