Huge Las Vegas Strip Development Brings Sin City NBA Dream Closer
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The NBA is interested in moving to the Las Vegas Strip. The Golden Knights and the Oakland Raiders are playing in Las Las Angeles. A new arena will be built on the Strip next year. in 2018, the Supreme Court ruled that sports gambling should be legal in all states. It's a dream of the NBA that their teams will play in the Sin City.
Oak View Group is developing a $3 billion arena and hotel project in Las Vegas. The project is expected to break ground in 2022. It will include an arena, a casino, and an additional entertainment venue amphitheater. Irving Azoff, Marc Badain and Randy Morton are part of the team. They are also the co-founders of OVG.
The OVG project is moving forward. It will be ready for an NBA team. The arena will have 20,000 seats. The NBA has not committed to expanding in Las Vegas. There are 30 owners and they decide where they want to expand. OVG will stay out of the NBA's decision-making process. If the league decides to do so, OGV will offer to provide a venue. They will also be an option for the expansion of an existing NBA franchise.
