In what's being called a major win for the City of Tempe, officials from USA Basketball announced Wednesday that they're moving from Colorado Springs to Tempe.
- ABC15 Video: USA Basketball coming to Tempe
The move will also include the construction of a sports and entertainment complex right at the intersection of Mill Avenue and University.
USA Basketball is responsible for putting together the men's and women's USA Olympic and National teams. Executive with the organizations say they plan on calling the new complex USA Place.
USA place is a $project that will include a 30,000-square-foot convention center, a 330-room luxury hotel, 500 residential apartments and 5 full size basketball courts.
Once built more than 4,500 people at a time will be able to see the teams play and practice. Ultimately officials expect the complex to attract as many as 300,000 people a year.
USA place is being built on land owned by Arizona State University. However, officials say the complex will be built with private money.
Construction is expected to begin soon with a completion date of 2015.