New High-Tech ‘Sports Districts’ Seen as Winning Strategy for Developers

Live-action sports are finally coming to Las Vegas, which until recently was one of the largest major U.S. markets without a major-league sports franchise. Yesterday MGM Resorts International announced that it purchased the WNBA’s San Antonio Stars and will move the team to Las Vegas, joining the Golden Knights NHL franchise, which makes its debut this season.

Also, retail developer Howard Hughes Corp. (NYSE: HHC) recently revealed plans to build a new 10,000-seat ballpark for the Las Vegas 51s, its Triple-A affiliate of the New York Mets, to be located in the company’s massive master-planned community in Summerlin.

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