RENO, Nev. (KOLO) - A ceremonial groundbreaking for a new arena at the Grand Sierra Resort will be held Sept. 30.

The arena got the green light over the summer after the Reno Redevelopment Agency approved the request for tax increment financing.

The plan is to have the $435 million arena and open for the start of the 2027 Nevada Men’s basketball season.

It is the first phase of a billion-dollar development project aimed at bringing more entertainment to the area.

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