LAS VEGAS (FOX5) — The Las Vegas Diamond Arena, one of the proposed sites for a possible NBA franchise, announced Monday that it has purchased the last piece of land needed for the project.
According to a release, the Diamond Arena has completed the purchase of an additional 3.03 acres, giving the project full control of its development site at the northeast corner of Las Vegas Boulevard and Four Seasons Drive, directly across from Mandalay Bay.
MORE ON FOX5: Golden Knights owner Bill Foley sets sights on NBA franchise in Las Vegas
The completed purchase cements the project’s position as a fully entitled and development-ready site. The proposed arena features 21,212 seats and is designed for NBA basketball, concerts, conventions, and major events.
“By closing escrow on the final parcel, we now own the entire arena site and have solidified our position as the premier venue for a future NBA franchise in Las Vegas,” said Tom Letizia, spokesman for the Diamond Arena.
Private jet terminal planned
Chetak Development, Inc. has separately acquired property immediately south of Four Seasons Drive for development of a private jet terminal. The terminal is being designed to connect directly to the arena through an underground tunnel, intended to provide arrival access for NBA teams, entertainers, corporate executives, and VIP guests.
“The addition of a future private aviation component further distinguishes this project from every other proposed arena site,” Letizia said.
The project’s listed infrastructure features include direct access to the I-15 and I-215 freeway systems, visibility to more than 60,000 daily vehicles on I-15, proximity to Harry Reid International Airport, and 18,460 existing parking spaces with 760 additional VIP spaces planned.
The site is within walking distance of more than 20,000 hotel rooms along the Las Vegas Strip corridor.
“The question isn’t whether Las Vegas is ready for the NBA — the NHL and NFL have already answered that,” Letizia said. “The question is which arena provides the league with the best long-term platform for success.”
Copyright 2026 KVVU. All rights reserved.
