The Las Vegas NBA expansion bid is nearing the finish line, and Jerry Colangelo is among the finalists for the project alongside Bill Foley.
Per, the NBA is expected to select the winning bid for the owner of the new team in the very near future. That would bring the expansion process closer to completion and move Las Vegas one step nearer to landing a franchise of its own.
The reported cost is massive, with the new team and arena expected to carry a price tag of $12-13 billion. That figure underscores just how significant the Las Vegas NBA expansion effort has become, especially as the league edges toward a final decision.
What happens next
At this stage, the key question is simple: which finalist group will emerge with the right to own the new team? Bill Foley and Jerry Colangelo are now part of the short list, but the NBA is expected to make its selection soon.
