n an aggressive move to brand the NBA as the ultimate basketball authority in China, the league and AEG will design and build a dozen new arenas over the next few years.
The arenas will be mostly financed by local governmental units. The NBA and AEG will control the facilities, however.
The pair already has a history: they designed and built the arena used for the 2008 Summer Olympics in Bejing. In addition, AEG owns and/or runs over 90 facilities, including Staples Center in Los Angeles, the O2 in London and the O2 World arena in Berlin.
The money for the arena investment will come from NBA China, a side venture that includes investors like the Walt Disney Company.
NBA, AEG to design and build 12 new arenas in China....
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