An already delayed hotel and arena project on the North Las Vegas Strip has received approval from Clark County to add to the plans, doubling its budget to $2.7bn.
Former National Basketball Association player Jackie Robinson said financing for the project is completed and said Credit Suisse was the lead lender.
The project, which will sit on a lot between SLS and Fontainebleau, now includes an arena, two hotel towers, a cinema, retail space and more. Robinson’s group would prefer to buy an NBA team to support the arena, though there’s a business model to support it in case that doesn’t happen, he said.
The plans were initially unveiled in December 2013 and it was scheduled to open in 2016, but excavation only started earlier this year. Robinson said he now expects construction to be completed in the spring of 2020.