Menu
Facilities

Former NBAer Planning To Break Ground On Vegas Arena, With Hopes Of Luring NBA Team

Former NBAer Jackie Robinson "plans a groundbreaking" next Wednesday for a $1.4B Las Vegas arena, hotel and shopping project, and said that he is "using his NBA contacts to stir interest in drawing an NBA team to the facility," according to Alan Snel of the LAS VEGAS REVIEW-JOURNAL. The privately funded All Net Arena will cost $690M, and Robinson "has lined up an arena management heavyweight -- Philadelphia-based Comcast-Spectacor -- to schedule programming and manage the 22,000-seat retractable-roof arena." Robinson said that his funding sources "include the Carlton Group and foreign investors in the federal 'EB-5 visa' program, which allows investors to receive visas if they invest $500,000 in projects." He is "confident the project will work financially with enough revenue because he said the arena is being augmented by other revenue-makers such as the hotel and retail space." The facility "is projected to open" in early '17. Robinson said that Vegas "is on the NBA radar for a team because of the success of the NBA Summer League." Snel notes Robinson's project has "quietly moved ahead as a soccer stadium debate rages in Las Vegas, UNLV delayed its campus football stadium by two years," and construction is underway on the MGM-AEG arena. Robinson said that the arena -- "like the MGM-AEG venue that is scheduled to open in spring 2016 -- will make a run at luring the National Finals Rodeo from the Thomas & Mack Center" (LAS VEGAS REVIEW-JOURNAL, 10/23).

TALKS ARE ONGOING: Global Spectrum President John Page, whose company is Comcast-Spectacor’s facility management division, said his firm is in discussions with Robinson’s group about consulting for the project. However, to this point, no deals have been signed. “We’re here to support them,” Page said. “Las Vegas has always been an interesting city, and as leagues look to expand, knowing what we do, there could be some opportunities. They came to us and we’re seeing what makes sense. Somebody (in Vegas) is going to get a team at some point” (Don Muret, Staff Writer).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2014/10/23/Facilities/Vegas-Arena.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2014/10/23/Facilities/Vegas-Arena.aspx

CLOSE