Grand Sierra Resort Breaks Ground on $1 Billion Expansion With Reno ArenaPosted on: October 2, 2025, 11:08h. Grand Sierra Resort has broken ground on its $435 million sports arenaThe arena is the first phase of GSR’s $1 billion expansionAfter years of planning, Grand Sierra Resort has broken ground on the property’s $1 billion expansion. An aerial rendering of the forthcoming Reno Arena at the Grand Sierra Resort. (Image: Grand Sierra Resort)GSR, owned and operated by the Meruelo Group, held a ceremonial groundbreaking on Tuesday. It’s happening right here where we’re standing.”Following the arena, Meruelo plans to spend $600 million on building a new hotel tower at the Grand Sierra Resort.