{"id":261648,"date":"2024-10-03T22:48:17","date_gmt":"2024-10-03T22:48:17","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/03\/rumor-oak-view-group-moving-forward-with-nba-ready-arena-on-rio-site\/"},"modified":"2025-06-25T17:10:59","modified_gmt":"2025-06-25T17:10:59","slug":"rumor-oak-view-group-moving-forward-with-nba-ready-arena-on-rio-site","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/03\/rumor-oak-view-group-moving-forward-with-nba-ready-arena-on-rio-site\/","title":{"rendered":"Rumor: Oak View Group Moving Forward With NBA-Ready Arena on Rio Site"},"content":{"rendered":"

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\n By Scott Roeben<\/a>, on October 03 2024 <\/span><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Man, alive, we\u2019ve been doing a lot of heaving lifting on the Las Vegas rumor-sharing lately, but it is a yoke we gladly endure to keep you in the loop on all the scoop.<\/p>\n

We\u2019re hearing from multiple sources Oak View Group is moving ahead with plans for an NBA-ready arena on 22 acres at Rio. Oak View Group previously announced a multibillion-dollar project (including an arena) for a site south of The Strip, but that deal appears to have gone south.<\/p>\n

We\u2019ve got all the juicy unconfirmed rumors, as is our wheelhouse if we knew what that actually is.<\/p>\n

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A.I. can\u2019t get human hands right, but it just saved Oak View $35,000 on renderings.<\/figcaption><\/figure>\n

So, back in March 2022<\/a>, Oak View rattled some cages with news of a massive \u201cmulti-purpose retail and entertainment district\u201d on 25 acres at the intersection of the I-15 and I-215. Basically, southward.<\/p>\n

That project was supposed to break ground in 2023, but nary a ground has been broken.<\/p>\n

There\u2019s a reason. As we were the first to share, Oak View soured on that location and started looking elsewhere for its arena.<\/p>\n

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Hearing rumblings about Oak View Group eyeballing Rio. We assumed an MLB ballpark would eventually end up there when the A\u2019s deal falls through at the Trop site, but it sounds like a Rio stadium would make Oak View more competitive in drawing an NBA team when T-Mobile seems the\u2026<\/p>\n

\u2014 Vital Vegas (@VitalVegas) July 7, 2024<\/a><\/p>\n<\/blockquote>\n

Local news completely missed the story, as is their wheelhouse.<\/p>\n

Conversation about Oak View perked up again recently when our friend @LasVegasLocally<\/a>, whose industry sources are second only to our own, reiterated the news the Oak View Group deal at its original site appears dead.<\/p>\n

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Oak View Group’s $10 billion NBA-ready arena and entertainment district, planned for the corner of Las Vegas Boulevard and Blue Diamond Road, is probably “dead” according to a well-connected source.<\/p>\n

\u2014 Las Vegas Locally \ud83c\udf34 (@LasVegasLocally) September 19, 2024<\/a><\/p>\n<\/blockquote>\n

The nimrods at the Las Vegas Review-Journal finally pulled their heads out of their collective asses and did what they do best, made a phone call based upon the work of others, without attribution. Their source indicated Rio was being considered<\/a> as a new site for the arena, yet another \u201cNo shit, Sherlock, we told you this months ago\u201d moment for our \u201cpaper of record.\u201d<\/p>\n

While the Review-Journal didn\u2019t ask why Oak View bailed on its previous site, our sources say, \u201cpartner disagreement.\u201d Thinks JLo and Ben Affleck, but without all the Diddy.<\/p>\n

Rio has been tight-lipped about the deal with Oak View, but our sources say the project is moving ahead, and soil samples are currently being taken on the site, due diligence before construction can begin.<\/p>\n

The last we heard from Rio (owned by Dreamscape), they were clarifying another juicy rumor, that members of the A\u2019s organization were meeting with Dreamscape ownership.<\/p>\n

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Update: Rio says this wasn\u2019t a meeting with ownership, so we have no idea what A\u2019s reps were doing at Rio. https:\/\/t.co\/4JlFfBiBzQ<\/a> pic.twitter.com\/8dYasi2VQD<\/a><\/p>\n

\u2014 Vital Vegas (@VitalVegas) September 29, 2024<\/a><\/p>\n<\/blockquote>\n

Our source says A\u2019s reps were hanging out in the resort\u2019s new Lapa Lounge. It\u2019s very nice, so they may just have picked the spot randomly to chillax and talk about all the taxpayer money they hope to be rolling around in naked someday.<\/p>\n

Rio has always been very communicative, at least until we asked them directly if they have a deal with Oak View Group. Crickets.<\/p>\n

Which, in Vital Vegas speak means: Confirmed.<\/p>\n

We trust there are a lot of steps involved before the Oak View Group arena project becomes official-official, but Oak View has a proven track record of making things happen. Unlike the A\u2019s organization, in case that wasn\u2019t obvious.<\/p>\n

There\u2019s no guarantee Oak View Group\u2019s arena will be the home to an NBA team, but we\u2019ve been saying for some time they\u2019re the lead contender for a team at any arena they build (sorry MGM Resorts).<\/p>\n

Should this project happen, Dreamscape is going to look like a cabal of prescient geniuses. Which would make a damn find band name, actually.<\/p>\n

We won\u2019t speculate which NBA team Las Vegas will get, but odds are good that happens before we get a serious MLB team or ballpark. It sounds like Rio, which offered the A\u2019s 22 acres for $1, is no longer an option for the A\u2019s. That debacle is still unfolding, as the A\u2019s have shown no evidence they have financing for a ballpark, and their partner, Bally\u2019s Corp. is equally bereft of a financing plan for an adjoining resort.<\/p>\n

More news to come!<\/p>\n<\/p><\/div>\n