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Financing woes put potential Vegas NBA arena on hold

December 7, 2023

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Work had already commenced, including the removal of billboards, demolition and site preparation work, said Chris Kaempfer, a Las Vegas-based land use and zoning attorney representing the All Net project, during a Nov. 21 commission meeting.

Construction teams also already started mobilization for the excavation crews, as well as full operation of grading, said Thomas Selvaggio, vice president of construction for All Net.

But issues with financing the multibillion-dollar project continue to plague any progress, said Jim Gibson, Clark County commission chairman, during the meeting.

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