Starr Vegas announces a $10 billion, 63-acre development on the Las Vegas Strip, including plans for an NBA-ready arena

A newly announced $10 billion development on the Las Vegas Strip is pitched as a massive, year-round sports and entertainment hub. In addition, it is a potential contender for an NBA-ready arena.

The 63-acre proposed site from Starr Vegas Development, Inc. is near Las Vegas Boulevard and Starr Avenue.

“Starr Vegas will redefine what a sports and entertainment destination should be. Our prime Strip location, integrated broadcast infrastructure, and multi-venue synergies create unmatched opportunities. We are building world-class facilities for soccer, basketball, concerts, combat sports, and more. It is the future home of professional sports in Las Vegas,” Chuck Haifley, chief executive officer of Starr Vegas Development, Inc., said.

Arena Plans

Plans include a proposed 50,000-seat soccer and concert stadium that could expand to 60,000 for concerts and festivals.

The stadium will have a covered roof and one open end with Strip views. Also, it will have 120 VIP suites, Dolby Atmos audio, large-format LED displays, and 30 broadcast-grade 4K cameras.

The venue will be purpose-built for MLS, USL, international soccer and major live events.

The development also includes a 25,000-seat basketball and concert arena expandable to 30,000. It will feature 100 VIP suites, robotic LED display systems, and Dolby Atmos audio.

The arena is for hockey, combat sports, boxing, NBA, WNBA, college Final Four events, and concerts. It would also include an automated quick-turn configuration for 12,500-seat events.

Other components include a rooftop dome venue seating up to 1,000 guests atop the Big Vision Tower. The Big Vision Tower is a 40-story landmark housing a Global Broadcast and Streaming Headquarters, production studios, and AR/VR facilities. Moreover, it will offer luxury residential condominiums with live-in-unit event feeds, a wellness center, and premium office space for media companies, sports leagues, and technology firms.

Six pads will include a sportsbook, casino, hotels, casino pre- and post-event suites, a rooftop stadium, and a swim multi-use amphitheater with a 160-foot LED screen, along with retail, residential, and office components.

The company said the development is enabled by a strategic land partnership with Las Vegas landowners Larry Canarelli and Khusrow “K.” Roohani, among the largest landowners in Clark County. The project site is in escrow, and $6 billion in funding has been secured through a financing structure developed by Lou Weisbach, CEO of ITWT.