Grand Sierra Resort Breaks Ground on Landmark Arena, First Phase of $1 Billion Redevelopment Project

RENO, Nev., Oct. 1, 2025 /PRNewswire/ -- Grand Sierra Resort (GSR) broke ground yesterday on its new 10,000-seat arena, the first phase of the property's $1 billion redevelopment project — the largest private capital investment in Reno's history.

"This project represents a transformative moment for Reno and northern Nevada," said Alex Meruelo, owner of Grand Sierra Resort. "Our investment reflects not only our commitment to this community, but our belief in its future as a premier destination for sports, entertainment, and hospitality."

The $435 million GSR Arena will span 300,000 square feet, feature premium hospitality clubs, suites and a fan-focused central plaza, and serve as the future home of Nevada Men's Basketball. Designed to seat up to 10,000 guests, it is expected to host about 95 events annually upon completion in fall 2027.

"This groundbreaking signals a new era for northern Nevada and our University," said University of Nevada President Brian Sandoval. "When completed, the Grand Sierra Resort Arena will become our region's most compelling entertainment and sports venue while providing Wolf Pack Athletics with a dazzling home court that will be second to none."

Beyond athletics, the project is expected to deliver sweeping economic benefits. According to Hunden Partners, which conducted the City of Reno's financial analysis, the arena and related development are projected to generate $850 million to $1.135 billion in direct economic impact, with as much as $1.34 to $1.8 billion in benefits over 28 years.

"This arena represents the kind of investment that propels Reno forward," said Reno Mayor Hillary Schieve. "It will serve as a source of civic pride and a catalyst for our city's continued growth."

The arena is the first step in GSR's decade-long redevelopment plan, which also includes a 2,800-space parking garage, a new community ice center, the reimagined Grand Bay aquatic golf facility, a fan-centric central plaza, and future housing and hotel expansion.

For more information, visit renoarena.com and grandsierraresort.com.

ABOUT GRAND SIERRA RESORT 
Grand Sierra Resort (GSR) in Reno-Tahoe features nearly 2,000 rooms, 200,000 square feet of meeting space, extensive gaming, acclaimed entertainment, nightlife, and diverse dining including Charlie Palmer Steak. GSR is a minority-owned business certified by the Western Regional Minority Supplier Development Council. For more information, visit grandsierraresort.com. 

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SOURCE Grand Sierra Resort