By Alan Snel, LVSportsBiz.com Publisher-Arena
Several developers in a company called LVXP said Monday they want to build a 27-acre mixed-use development at the site of the former Jackie Robinson arena project on the Strip that will be anchored by an NBA-ready arena at 2601 S. Las Vegas Boulevard near the Sahara Avenue intersection.
James Frasure, LVXP CEO, will work on the team.
“Our commitment is to create a destination that captures the essence of Las Vegas and provides lasting benefits for the community. For me, this endeavor is more than a project – it’s a promise to uphold the spirit of innovation and enthusiasm that defines our local culture,” Frasure was quoted in a press release issued this morning.
The group will also include Chief Construction Officer Nick Tomasino, who worked as Senior Vice President of Construction at Madison Square Garden Entertainment where he managed the construction of The Sphere. Architecture firm Steelman Partners will design the project.
Proposed site for another arena next to the Sahara hotel-casino.
In the press release, Tomasino was quoted, “My experience leading the construction of some of the most iconic developments on the Strip has provided me with the insight and expertise necessary to bring this project to fruition. I am thrilled for the opportunity to yet again build a destination that will transform Las Vegas Boulevard and leave a long-lasting positive impact for future generations.”
Clark County Commission Chairman Tick Segerblom was also quoted in the release: “This is a well-conceived project that has the potential to transform a valuable undeveloped land parcel into a highly productive destination that contributes meaningful long-term value to the community and visitors alike.”
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Las Vegas businessman and former UNLV basketball player Jackie Robinson unsuccessfuly tried to build an arena and non-gambling hotel at the same site. Robinson was trying to build his All Net arena and hotel project at the site of the former Wet ‘N Wild water park on the east side of the Strip just south of the Sahara Avenue intersection with Las Vegas Boulevard.
This new arena proposal would compete with arena developer Tim Leiweke’s arena and hotel proposed project for Las Vegas Boulevard and Blue Diamond Road about five miles to the south. That multi-billion-dollar proposal is supposedly going to be submitted to Clark County government this year. Leiweke is CEO of the Oak View Group.
The LVXP arena proposal is part of a broader mixed-used development that the developer says will include a retail plaza, convention space, a casino, several hotels and residences.
There was no mention about the proposed project’s cost or how it would be financed.
“I like the idea. The designs look good. I like what they’re doing, but I don’t want this to drag on,” Segerblom told LVSportsBiz.com.
Segerblom said he was told by the developer that a plan would be submitted to the county by June or July.