New Las Vegas Sports Arena, Concert Venue Rising As Part Of Planned $3 Billion Entertainment District

deadline.com:

Oak View Group, the global venue developer/investor co-founded by Irving Azoff and run by Tim Leiweke, is building a new $3 billion entertainment district in Las Vegas on 25 acres including an 850,000 square foot arena, amphitheater, casino and hotel.The 20,000+-seat arena will have suites, premium hospitality clubs and host live events including concerts, sporting events, family entertainment, as well as conventions, award shows and international gatherings.

Construction — with a focus on the prioritization of technology, sustainability, and green initiatives — is expected to create thousands of permanent and temporary local jobs.“It doesn’t get much bigger or better than Las Vegas,” said Azoff, calling the development “the next jewel in the OVG crown.”The firm’s projects include the Climate Pledge Arena in Seattle ($1.2 billion, 18,100-seat, the world’s first net-zero carbon certified arena in the world and home of the NHL’s new Seattle Kraken); the UBS Arena in New York ($1.1 billion, home to hockey’s NY Islanders); and the soon-to-open Moody Center arena at the University of Texas in Austin.Groundbreaking is expected in 2023 for the Vegas complex, located on 66.5 acres of land near the intersection of two major freeways, I-15 and I-215.“South of the Las Vegas strip represents one of the few areas of potential future growth of the gaming and entertainment corridor,” said Oak View Group CEO Leiweke.

He called the project “an industry game-changer” that will “usher in the evolution of Las Vegas as the new entertainment and sports capital of the world.”Marc Badain, a veteran sports industry executive and former president of the NFL’s Las Vegas Raiders, has partnered with OVG to spearhead and consult on the new project