Oak View Group Reveals Plan for $3 Billion Complex and Arena in Las Vegas
$5,000 Welcome Bonus
Live entertainment development company Oak View Group is putting its stamp on Las Vegas. Today, the company announced its plan for a newly developed entertainment district in Las Vegas, which will include a brand-new arena. Groundbreaking and construction of the estimated $3 billion campus will begin next year.
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 sq. ft. arena, a casino, a hotel and an additional entertainment venue amphitheater. The arena will hold more than 20,000 guests and include suites and hospitality clubs to host concerts, sporting events and family entertainment. OVG also intends to welcome conventions, large meetings, international events and award shows.
“South of the Las Vegas strip represents one of the few areas of potential future growth of the gaming and entertainment corridor,” said OVG CEO Tim Leiweke in a release. “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.”
Veteran sports industry executive and former president of the NFL’s Las Vegas Raiders Marc Badain has partnered with OVG to spearhead and consult on the new project along with the OVG president of business development Francesca Bodie, who will oversee business transactions and operations.
“In the time I have spent in Las Vegas, I have been overwhelmed by both the entrepreneurial spirit and the willingness of its residents and leaders to embrace the innovation and vision that guides its future,” said Badain in a release. “This project represents the next step in that exciting evolution. It is an honor to be a part of it and to help deliver on the vision provided by Oak View Group.”
Designed by global industry-leading architecture firms Gensler and Populous, the state-of-the-art privately financed sports and entertainment arena will represent OVG’s biggest project to date. In addition to Gensler and Populous, the project development will be led by OVG’s president of global venue development and special projects Steve Collins.
Situated adjacent to the planned Brightline high-speed rail station, it is estimated that more than 13 million vehicles coming from California pass the site every year. The site will boast direct and easy access to and from I-15 and Las Vegas Boulevard and streets such as Blue Diamond, Warm Springs, and Dean Martin, resulting in 8 to 15-minute drive times to and from all major Las Vegas Strip resorts and the airport.
“We are proud Oak View Group has chosen Nevada for its next and largest project,” said Nevada Governor Steve Sisolak in a release. 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 bordered by I-15 to the west, Las Vegas Blvd to the east, Warm Springs to the north and Blue Diamond (which turns into E Windmill) to the south.
