Las Vegas National Sports Center...Downtown

A new proposal for a downtown stadium has emerged. This proposal by International Development Management LLC, the Romani Group and general contractor Turner Construction features a sports complex with three stadiums. The location would be in downtown Las Vegas on 70 acres northeast of the World Market Center and near the interchange of Interstate 15 and U.S. 95.

The plan for the $1.57 billion Las Vegas National Sports Center includes an indoor sports complex for basketball and hockey that seats 17,500. Also, included is a partially enclosed baseball stadium that seats 9,000 and a partially enclosed football stadium that holds 50,000. The baseball and football stadiums could have an increased seating capacity to 36,000 and 75,000 respectively to handle Major League Baseball and the National Football League.

Previously, International Development Management (IDM) had proposed to build the Silver State Arena on The Strip at the site where the former Wet ‘n Wild water park was located near the Sahara Hotel. However, that proposal was withdrawn when residents of the Turnberry Estates towers protested that the arena would create too much traffic in their neighborhood.

It is well known that Mayor Oscar Goodman has wanted to bring a professional sports franchise to Las Vegas for some time. In 2007 the NBA played their all star game in Las Vegas. Plus, the NBA also has its Summer League held in Sin City. NBA Commissioner David Stern has previously stated Las Vegas would need to have a quality stadium to house a team. The fact that Las Vegas casinos take wagers on NBA teams is also said to be a concern of the NBA Commissioner.

The investment group has stated that it would offer an agreement to UNLV to have the basketball, football, and baseball teams play in the sports complex for $1 a year.

IDM says that the National Sports Center will be privately funded without any new taxes needed. It is said that officials believe the construction of the complex could begin in October and be completed by October 2013.

Read about the recent UNLV Stadium Proposal…What would a new Stadium and Entertainment Complex mean to Las Vegas?

What would this mean for the Las Vegas housing market?

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