Grand Sierra Resort has broken ground on its $435 million sports arena The arena is the first phase of GSR’s $1 billion expansion After years of planning, Grand Sierra Resort has broken ground on the property’s $1 billion expansion. An aerial rendering of the forthcoming Reno Arena at the Grand Sierra Resort. The $435 million project is the first phase of a $1 billion expansion at the destination owned and operated by billionaire Alex Meruelo. (Image: Grand Sierra Resort) GSR, owned and operated by the Meruelo Group, held a ceremonial groundbreaking on Tuesday. The $1 billion undertaking, which is being partially supported by the city through a tax incentive, starts with the construction of the $435 million sports arena and community ice rink. Dubbed the Reno Arena, the facility will become home to the University of Nevada, Reno’s men’s basketball team, and ideally, host major events like marquee headlining concerts and NCAA March Madness games. Billionaire Alex Meruelo acquired the…Read MoreCategory: Commercial Gaming, Alex Meruelo, Brian Sandoval, Grand Sierra Resort, GSR, Jacobs Entertainment, Meruelo, Reno, Sahara, University of Nevada, WolfpackSource: Casino.org