Oak View Group, a global venue development, advisory and investment company for the sports and live entertainment industry, is developing a new entertainment district in Las Vegas. Groundbreaking and construction for the estimated $3 billion entertainment district, which will include a hotel and an arena, are scheduled for 2023.
The 25-acre development, located on 66.5 acres of land near the intersection of two major freeways and adjacent to the planned Brightline high-speed rail station, will include an 850,000-square-foot arena, a hotel, a casino and an additional entertainment venue amphitheater. The arena will be able to accommodate approximately 20,000 seated attendees and will include dedicated suites and hospitality clubs. In addition to hosting concerts and sporting events, the arena will accommodate conventions, large meetings, award shows and exhibitions.
Information on the hotel, including room count and possible brands, was not available as of press time. OVG will both own and operate the entire development.
Designed by architecture firms Gensler and Populous, it will be OVG’s biggest project to date. In addition to Gensler and Populous, the project development will be led by Steve Collins, OVG’s president of global venue development and special projects.
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 president of business development, Francesca Bodie, who will oversee business transactions and operations.