The Shaquille O'Neal Foundation Youth Development Complex

Las Vegas, Nevada

Investment
Highlights

2025

Year

$24.8 million

Development Budget

$32.4 million

Allocation Sourced

2,400

People Served Annually

Client
The Shaquille O’Neal Foundation

Use of Allocation Capital
Real Estate Development

The Shaquille O’Neal Foundation (TSOF) creates pathways for underserved youth, helping them achieve their full potential through access to education, mentorship, and community resources. To further this mission, TSOF is developing the Shaquille O’Neal Youth Complex, a 33,000 sq. ft. state-of-the-art facility – estimated at $24 million in the heart of Clark County.

Leveraging both Nevada State ($22.4M) and Federal ($10M) NMTC financing to support the development, the Complex will be operated by the Boys & Girls Clubs of Southern Nevada and Communities In Schools Nevada. The campus will also feature an early childhood center, 54,000 sq. ft. Multi-Sports Field sponsored by the Las Vegas Raiders, Mixed Martial Arts & Boxing Center sponsored by UFC, and CIS Alumni Center for mentoring, job training, and leadership development – made possible in part by the Elaine P. Wynn & Family Foundation.

Services Provided by Classic Lake:

  • New Markets Tax Credit Advisory

Community and Economic Impacts

  • Creates 75 construction jobs

  • Creates 20 full-time jobs and retains 4 jobs

  • Serves 2,400 youth annually through Boys & Girls Club and Communities In Schools programming

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