The Las Vegas Diamond Arena on June 29, 2026 announced that it has successfully completed the purchase of an additional 3.03 acres needed to complete the arena site. Additional properties are in escrow and will soon be acquired.
With this latest 3.03-acre purchase, the project now controls the entire development site at the northeast corner of Las Vegas Boulevard and Four Seasons Drive, directly across from Mandalay Bay. The newly purchased parcel cements the project’s position as a fully entitled and development-ready destination for a future NBA franchise.
In addition, Chetak Development, Inc. has acquired property immediately south of Four Seasons Drive for development of a private jet terminal. The parcel is the key piece in the project’s long-term transportation vision and is being designed to connect directly to the Diamond Arena through an underground tunnel, providing a secure arrival experience for NBA teams, entertainers, corporate executives, VIP guests, and other high-profile visitors. The acquisition further strengthens the project’s vision by integrating world-class private aviation access directly into the arena development.
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