Vivint Arena Renewal

The cost for the project will be about $100 million, sources confirmed to the Deseret News. The NBA has reportedly suggested that the Jazz consider starting over with a new structure to replace the league’s sixth-oldest arena, but owners the Miller family and team management believe a building renovation is the better option. “Ownership has been taking steps to ensure its world-class status and exploring options on how to invest in the facility that can be the home of the Utah Jazz and provide best-in-class guest experiences,” Frank Zang, Larry H. Miller Sports & Entertainment senior VP of communications, told the News.

The team will be able to update the aging 19,911-capacity facility, which annually hosts 1.8 million people for various events, thanks to a solid infrastructure and painstaking upkeep it’s received since its construction. Utah Jazz President Steve Starks said the organization has researched the possibilities and discussed the arena’s future for years.

“As part of our due diligence, we have had ongoing and productive dialogue with community leaders on the renovation plans,” Starks told the paper. “Any possible public financing would be consistent with the same healthy and sustainable approach that the Miller family took 25 years ago with the arena’s original construction.” The planning process with ICON Venue Group and SCI Architects is still in the early stages, the News said.