Former UNLV star proposes new sports arena on the Las Vegas stripPosted by Inside Hoops
Here’s the Las Vegas Review-Journal reporting on an interesting possibility:
Former UNLV and NBA basketball player Jackie Robinson is proposing a $1.3 billion, privately funded 22,000-seat arena and resort on the Strip. The $1.3 billion includes $690 million for the arena.
Robinson is calling it, for now, the All Net Arena and Resort, because he does not have an official name for the venue. He said he plans to pursue an arena naming rights deal. His company is All Net Arena LLC, he said.
Robinson wants to build between the under-construction SLS Las Vegas hotel-casino and the halted Fontainebleau project. He hopes to break ground in the spring and open the arena in December 2016.
Robinson said he is financing the arena-resort through a $250 million equity raise, federal tax credits, a construction loan and the federal “EB-5 visa” program, which allows foreign investors to get visas if they invest $500,000 in projects. He said he is working with the Department of Commerce Minority Business Development Agency to recruit foreign investors from India and China.