NBA in Joint Venture to Build Arenas in China

The has launched a plan to help build 12 new arenas throughout China. From AP:

commissioner David Stern did not say when the plan would be starting, or where the buildings would be located.

“We weren’t going to start construction in the next couple of weeks,” Stern said at a joint news conference with AEG president and CEO Timothy J. Leiweke. “We anticipate that in a relatively short order we will have laid out a road map of a dozen buildings or so throughout China.”

Leiweke said it could take decades to complete the project.

“We think of this over the next 20 years, not the next year or two,” he said, adding some would be new arenas and others would be created by renovating existing facilities.

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