Las Vegas is buzzing with excitement as LVXP, a local real estate development company, unveils plans for what could become the tallest resort on the Las Vegas Strip. The proposed project is not just another casino-hotel; it's a multi-billion-dollar, mixed-use development that includes an NBA-ready arena, potentially paving the way for Las Vegas to finally secure its own professional basketball team.
The ambitious project, set to be built on a 17-acre site formerly occupied by the Wet 'n Wild waterpark, features:
Designed by renowned casino architect Paul Steelman, the futuristic complex will boast a striking exterior with gold and silver glass, LED lighting, and a unique curving design element. The project aims to prioritize sustainable development and green initiatives. This development replaces the long-stalled $5 billion All Net Resort & Arena project proposed by former NBA player Jackie Robinson, which failed to materialize after nearly a decade of planning.
While Las Vegas doesn't currently have an NBA team, it's considered a top candidate for expansion alongside Seattle. The city already hosts several NBA events, including the Summer League and the newly introduced In-Season Tournament.
Competition for hosting a potential NBA franchise is heating up in Las Vegas. Oak View Group has proposed a $10 billion arena project near the planned Brightline West high-speed rail station, although this plan has encountered some obstacles. Additionally, MGM Resorts International has expressed interest in hosting an NBA team at the T-Mobile Arena, home to the NHL's Vegas Golden Knights. As the project moves forward, many details remain undisclosed, including the potential hotel operator, exact cost, and construction timeline. The proposal will be discussed at a local advisory board meeting, marking the next step in what could be a transformative development for the Las Vegas Strip.