Developers of Las Vegas NBA Arena Move to Rio Location |

Published on: October 6, 2024, 11:38h.

Last updated on: October 6, 2024, 11:38h.

There’s a specific reason behind the silence surrounding the $10 billion, 20,000-seat NBA arena project by the Oak View Group (OVG) that was scheduled to begin construction last year, five miles south of the Strip.

This parcel, on the northwest corner of Las Vegas Boulevard and Blue Diamond Road, is where Oak View Group had planned to build its $10B NBA arena and casino hotel. The Strip can be seen at right, five miles in the distance. (Image: Google Street View)

Multiple sources suggest that the project, which included a 2,000-room connected casino hotel, has been abandoned due to financial disputes between OVG and Blue Diamond Acquisition, the landowner in Florida, over the 25-acre site.

Scott Roeben of Casino.org‘s Vital Vegas originally reported this as a rumor on Twitter on July 7, and remains a prominent source for local and national coverage on this issue.

Many hurdles must be cleared before the Oak View Group can officially announce that its NBA arena will be constructed adjacent to the Rio. However, according to multiple sources, that is the current plan. (Image: Rio)

Rio de Dinero

The Oakland A’s initially considered the Rio as a potential location for their new Las Vegas baseball stadium, before ultimately choosing the Tropicana last year. Dreamscape, the current owner of the Rio, offered 22 acres to the A’s for just one dollar, but the offer was declined due to traffic access concerns.

The Rio, sitting on 88 acres with 22 considered excess, could accommodate a large sports facility without needing demolition. A baseball stadium typically requires 10-12 acres, though experts caution that 9 acres may be insufficient.

In order to demonstrate how much land the Rio has available, *Vital Vegas* superimposed Allegiant Stadium, T-Mobile Arena, six Strat towers and two In-N-Out Burgers onto this aerial photo of the acreage. (Image: Scott Roeben/*Vital Vegas*)

T-Mobile Arena, built on 16 acres, could potentially host a new NBA team. However, scheduling conflicts with the NHL may pose challenges. OVG, having constructed arenas in major cities, including New York and Seattle, is committed to building a top-tier NBA arena in Las Vegas.

Unofficial Confirmation

OVG hinted at a change in project plans and a focus on a world-class NBA-ready arena in a recent statement to the Las Vegas Review-Journal. With experienced leadership and strong industry connections, OVG aims to attract top entertainment acts to the new arena.

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