The Grand Sierra Resort has revealed plans for a “historic” $1bn expansion to its existing 140-acre property over the next 10 years.
Based in Reno, Nevada, GSR has outlined that the “largest private capital investment in the city’s history” will bring a new arena to the location, spanning 300,000 square feet with a capacity of over 10,000 and contemporary amenities, including suites and premium hospitality clubs.
Upon completion, the arena will be able to accommodate events such as concerts, special events, basketball games, and other sports. With GSR Owner Alex Meruelo and the University of Nevada, Reno President Brian Sandoval exploring a partnership, it could also soon be the home to the Nevada men’s basketball team.
“The vision is to transform GSR into a destination where community, sports and entertainment come together,” said Meruelo.
Sandoval added: “The University of Nevada, Reno is excited to explore the opportunity to partner with Alex Meruelo and Grand Sierra Resort as they develop a state-of-the-art arena and entertainment district that is unprecedented in Northern Nevada. The new arena will include amenities that create a fan and game experience that are second to none.”
The GSR project will also bring a “comprehensive beautification” of Grand Bay, including a golf facility and entertainment destination, a scenic walking path and a water show.
Plans are in place as well for an 800-room hotel and at least one new parking garage to accommodate an expected uptick in guest numbers at the resort.
Approximately 300 affordable riverfront residential units will also be constructed to provide support to the workforce needed for the expansion to succeed.
Reno Mayor, Hillary Schieve, stated: “This is an incredible and historic investment by Mr. Meruelo and a true game changer for our community. It’s a massive win for our citizens, a win for the University of Nevada and a win for tourism. Thank you Mr. Meruelo for your vision and faith in our great community.”
Meruelo concluded: “The precipice of an extraordinary transformation is upon us. This will not only redefine Grand Sierra Resort but also elevate Reno to new heights in the realm of entertainment and sports. We recognise and value the community’s support and enthusiasm as we commence this journey together.”