A Proposed Downtown Sports Complex…Las Vegas Real Estate

A Proposed Downtown Sports Complex…Las Vegas Real Estate

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....
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What would a new Stadium and Entertainment Complex mean to Las Vegas?

What would a new Stadium and Entertainment Complex mean to Las Vegas?

There are talks of UNLV having a Las Vegas stadium built. How would this affect the local jobs market and also the Las Vegas housing market? UNLV president Neal Smatresk recently stated that he has been in talks with Ed Roski and Craig Cavileer about building a domed 40,000-seat stadium and entertainment complex near the campus. There is also talk of making improvements to the Thomas and Mack Center as well. The parties involved have reportedly discussed forming a "public-private partnership." Majestic Realty, one of the world's largest developers is owned by Roski. In 2008 Roski ranked 524th on the Forbes list of the world's billionaires. He currently has an interest in both the Los Angeles Laker's NBA basketball team as well as the LA Kings NHL franchise. His company also helped to build the Staple's Center in L.A. Located in Las Vegas is the Silverton Casino Hotel and Lodge which is owned by Roski and where Caliveer serves as president. At...
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