LAS VEGAS, Nev. (FOX5) - It’s been a project in the works for more than a decade now but developers say the All Net Resort and Arena on the north end of the Las Vegas Strip is finally ready to move to forward with construction.

On Wednesday, the group working together to bring this resort to life gave FOX5 News a look at the progress.

“We thought we wanted to do something different than the typical hotel and casino,” said Jackie Robinson, CEO of the All Net development.

The new investor for a project which now comes with a $4.9bn (£4.4bn/€5.02bn) price tag, is Todd Owen, director of the Clearwater Perpetual Master Trust investment fund. Owen told the Las Vegas Review-Journal that a mutual friend wanted him to meet with Robinson as the project had faced “prior financial stumbles.”

Ex-NBA player Jackie Robinson unveiled a new funding package Wednesday for his long-sought arena and hotel project on the north Strip — a venture that’s been on the drawing board for nearly nine years and seen other financing plans come and go.

Robinson hosted a media event at the upscale Stirling Club near the Strip, where he introduced his new investor and said he expects to finish the now-$4.9 billion All Net Resort & Arena by the end of 2025.

Jackie Robinson is aiming to be the first Black developer on the Las Vegas Strip when the All Net Resort and Arena opens in 2025. Frank Holland talks to Robinson about the project and what it could mean for Black entrepreneurs and visitors to Las Vegas.

All Net Resort and Arena are set to break ground in Las Vegas this October.

It comes as no surprise that the entertainment capital of the world, Las Vegas is vying for a chance to expand its offering. Just last month, the NBA was considering on expanding its league to include other cities, with Seattle and Las Vegas at the forefront of being considered as the next NBA cities.