A global venue development group is looking to build a $3 billion project centered around a $1 billion, 20,000-seat arena and entertainment district located just south of the Las Vegas Strip.
Oak View Group, a sports entertainment venue development, advisory and investment firm, plans to break ground next year on the privately financed project, which is slated to be built on 25 acres of land near the corner of Las Vegas Boulevard and Blue Diamond Road. Tentative plans call for the project to be completed no later than 2026.
The land is part of 66 acres purchased in February by Blue Diamond Acquisition RE 2022 LLC for almost $99 million, according to Clark County records.
