Live Las Vegas NBA All-Net Arena Project Still Alive Called LVXP Development - Vital Vegas Is Wrong
The All-Net Arena Development Project, once considered to be the possible site of an expansion NBA team, then said to be terminated last year, has new life under a new name: LVXP Development.
The news of the new project came out November 12th, and attracted the naysayer Vital Vegas, who wrote:
Just when you thought the cavalcade of horseshit was finally over for the former Wet ‘n Wild water park site after All-Net Arena was euthanized, it continues with the release of renderings for yet another Strip resort project that’s never, ever going to happen: LXVP.
Yes, that was a lot, but we’re very busy and important, so we don’t have time to dilly and/or dally.
We were pretty much the lone Las Vegas media outlet to call out the All-Net sham for a decade, and we’re proud to do it again for LXVP.
Well, one thing I’ve learned about what Vital Vegas blogs: if he says it’s one way, look the other way. And in this case, what I found was that the new proposed resort is the focus of a joint-venture between All Net Land Development LLC and 2601 Las Vegas Blvd Venture, LLC DBA LVXP.
The new version of The All-Net Project was the focus of an October 10, 2024 letter from a company called Stillman Partners to the Clark County Planning Department. That letter reported plans for a resort hotel, multi-family dwelling, entertainment or recreational facilities (arena, theater, plaza area), and all associated and accessory use structures, and incidental buildings and structures.
According to the Stillman Partners letter, the project will include all proposed project components and area development of a project located on a site located within Clark County, Nevada, and bounded by:
a) Las Vegas Blvd, a public street, to the West.
b) Properties Fontaineblue and Turnberry Place, to the South.
c) Paradise Rd., a public street, to the East.
d) Property Sahara to the North
The North Las Vegas Strip resort project, which would feature an 18,000-seat NBA-ready arena, a casino, restaurants and other retail, would rise 752 feet if approved by FAA and Clark County.
This the All-Net Development project, but without the original man in charge Jackie Robinson. The Clark County letter reports:
Currently, the site is vacant. It was previously the site for Wet n Wild Water Park. It’s our understanding that part of the structures for Wet n wild are buried on site and will have to be excavated and removed.
The current Owner of the project is All Net Land Development LLC 9004 Greensboro Lane ,Las Vegas, NV. 89134 : Developer is 2601 Las Vegas Blvd Venture, LLC DBA LVXP
2601 South Las Vegas Boulevard, Las Vegas, NV. 89109
But Where Is Jackie Robinson?
On April 29th, Allen Snel of LVSportsBiz reported the following:
Several developers in a company called LVXP said Monday they want to build a 27-acre mixed-use development at the site of the former Jackie Robinson arena project on the Strip that will be anchored by an NBA-ready arena at 2601 S. Las Vegas Boulevard near the Sahara Avenue intersection.
James R. Frasure Jr., CEO of LVXP, will work on the team.
“Our commitment is to create a destination that captures the essence of Las Vegas and provides lasting benefits for the community. For me, this endeavor is more than a project – it’s a promise to uphold the spirit of innovation and enthusiasm that defines our local culture,” Frasure was quoted in a press release issued this morning.
James has over 20 years experience in acquisitions and business development operates on the highest level of national and international networks. This network ranges from 4-star generals, politicians, foreign delegates and international business leaders. James is currently focused on growing mining operation through the acquisition of mines in key areas, such as Africa and South America.
The group will also include Chief Construction Officer Nick Tomasino, who worked as Senior Vice President of Construction at Madison Square Garden Entertainment where he managed the construction of The Sphere. Architecture firm Steelman Partners will design the project.
The Difference Between Old and New All-Net: A Casino
The one main difference between the old proposal and the new All-Net is not mentioned by Mr. Snel: the inclusion of a casino. Jackie Robinson specifically did not want to have a casino element, presumably to make the facility more family-friendly. But not including a planned casino also hampered the process of attracting investors in casino-rich Las Vegas.
Now, fast-forward to this week, and an Internet search revealed that James Frasure was being sued by the owners of All Net Land Development LLC in All Net Land Development LLC vs. James Frasure of 2601 Las Vegas Blvd Venture. The question is why?
That’s what our livestream will tackle.
