LAS VEGAS, Nev. (FOX5) – A proposed mixed-use development on the north end of the Las Vegas Strip could serve as the future home of an NBA team.
According to a media release from real estate development company LVXP, it plans to deliver a new experiential mixed-use development that will be anchored by a technologically advanced entertainment and sports arena. The project will be located on the 27-acre site at 2601 South Las Vegas Boulevard, between Fontainebleau and Sahara.
“The multi-purpose entertainment and lifestyle venue is expected to feature an expansive retail plaza, state-of-the-art convention space, a destination casino, and several ultra-luxury hotels and residences. Importantly, the site could serve as the home for a new NBA franchise, representing a significant development for Clark County and the community.”
LVXP media release, April 29
“This is a well-conceived project that has the potential to transform a valuable undeveloped land parcel into a highly productive destination that contributes meaningful long-term value to the community and visitors alike,” said Tick Segerblom, Clark County Commission Chairman.
“We are honored to be stewards of this significant milestone in the city’s legacy,” said James R. Frasure Jr., CEO of LVXP. “Our commitment is to create a destination that captures the essence of Las Vegas and provides lasting benefits for the community. For me, this endeavor is more than a project – it’s a promise to uphold the spirit of innovation and enthusiasm that defines our local culture.”
No timeframe for the project has been released.
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