The Clark County Commission gave Wednesday unanimous approval to several use permits for the construction of a new resort and arena located on the north Strip that would replace the failed All Net Resort project.
The 752-foot, 2,605-unit hotel and condominium project spans three high-rise towers and comes with an 18,000-seat NBA-ready arena. Commissioners green-lighted the multibillion-dollar LVXP project with little debate, acting on a series of zoning matters.
Speaking on behalf of the developers, attorney Rory Reid said the project would transform the north end of the Strip. The property would be located on the vacant plot on Las Vegas Boulevard between the Sahara and Fontainebleau, land that was once eyed for the failed All Net Resort, a proposed project spearheaded by former UNLV basketball player Jackie Robinson.
During the meeting, company executives gave a brief presentation and said they are continuing to meet with homeowners in the nearby Turnberry Place about concerns they’ve raised on the project, reports the Las Vegas Review-Journal. These include fears that a high-rise project would block views from their own condominium units, and the issue of maintaining access during construction.
While the project has no name or price tag yet, LVXP, the Las Vegas-based real estate developer behind the property, said the resort would take four years to build. Traffic and drainage studies would be among the first matters completed as the project proceeds, they confirmed.
Despite the concerns raised during the hearing by some of the residents of the nearby condominiums, LVXP Chief Construction Officer Nick Tomasino assured that the project would be “an absolute win-win for the community.”
“Based on today’s vote, the commission also shares our opinion,” he said. “We think it’s going to have a great economic impact and at the end of the day we’re going to all stand back several years from now looking back to this day and enjoy the beautiful new development.”
Developers have pledged thousands of construction and permanent facility jobs stemming from the project, along with millions of dollars in tax benefits for all Clark County residents.
The LVXP project is the second in Southern Nevada involving the construction of an NBA-ready arena, although the National Basketball Association has not committed to bringing a franchise to Las Vegas. Experts say bringing a team to Las Vegas is expected, but where it would land is unclear.
Representatives of the Oak View Group have discussed building a 20,000-seat NBA-ready arena at a resort planned at Interstate 15 and Blue Diamond Road. However, local media reports yet to be confirmed by the company indicate that it intends to move instead to vacant land near the Rio hotel-casino.
Original article: https://www.yogonet.com/international/news/2024/12/05/87620-clark-county-commissioners-greenlight-northstrip-resort-and-arena-project
