![]() ![]() OVG led the $1.15 billion rebuild of Climate Pledge Arena in Seattle, which is also seen as a frontrunner for a future NBA expansion team. The project’s footprint is also growing from 35 acres to 66.Īn NBA team in Las Vegas seems to be a near-certainty according to league commissioner Adam Silver, even if the timeline, where the team would play, and who would own it remains to be determined. “It helps when you walk into a room and say to them, ‘I do not need your money,’” Leiweke said. No public money would be required at the outset. Oak View Group CEO Tim Leiweke said that his company is now budgeting $10 billion for a potential hotel, gaming, and entertainment district after initially laying out $3 billion. With NBA expansion on the cards later this decade, the group vying to build a suitable basketball arena in Las Vegas is significantly increasing its investment.
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