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Oak View Group is described as a “global venue development, advisory and investment company for the sports and live entertainment industry.”<\/p>\n
Trust us, that description really impresses the babes at parties. In combination with a Lamborghini, of course.<\/p>\n
According to the company’s news release, the location of the project (no name given yet) is at the intersection of two major freeways, the I-15 and I-215.<\/p>\n
Plans include an 850,000-square-foot arena, casino, 2,000-room hotel and an additional entertainment amphitheater.<\/p>\n
The arena will have “as many as 20,000 seats” and host concerts, sporting events, family entertainment and conventions.<\/p>\n So, everything All Net Arena wanted to be, but this may actually exist someday. All due respect to your drama-filled fail with imaginary financing<\/a>, All Net Arena.<\/p>\n The announcement news release has lots of quotes from the people involved, which you should read yourself<\/a>, because quotes in news releases tend to make us a little vomity.<\/p>\n Adding additional heft to this project is the fact it will involve the former president of the NFL’s Las Vegas Raiders, Marc Badain. Badain left the Raiders under questionable circumstances<\/a> (rumored to involve a financial scandal), but his consultation services could be valuable in luring a sports team.<\/p>\n Which appears to be the whole point of this project. Getting an NBA team.<\/p>\n Oak View’s CEO told Bloomberg<\/a>, “There is zero guarantee the NBA comes to Vegas; we are well aware of that. But if the NBA does come to Vegas, this building will be an option. It will be built to the highest specifications of the NBA.”<\/p>\n Hey, a little wishful thinking never hurt anybody. After all, wishful thinking is why there’s a Las Vegas in the first place.<\/p>\n So, will this project actually happen?<\/p>\n As history confirms, such projects are easier said than financed (or completed), but Oak View Group has a solid pedigree, so we’re hopeful this baby moves forward.<\/p>\n The most dubious aspect of Oak View Group’s project is the fact the company touts the site’s proximity to the planned Brightline high-speed rail station. We prefer our resort announcements to stick to reality-based touting.<\/p>\n Whenever a massive new project is announced, we’re obliged to remind everyone Las Vegas already has more supply than demand when it comes to entertainment venues. It’s a lot of dates and seats to fill.<\/p>\n We’ve heard an NBA announcement is happening in 2022, and they’ll need a place to chillax, if people still do that. We always figured MGM Resorts would have a head start on a team, but other players are definitely in the mix.<\/p>\n We finally get our NBA announcement in 2022, so there’s that.<\/p>\n — Vital Vegas (@VitalVegas) January 5, 2022<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2022\/03\/acrisure_arena.jpg\")
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