USA Basketball will build a new $350 million training facility next to Arizona State.

The 10.5-acre site in downtown Tempe will include a 4,500-seat event center, a 300-room hotel, 500 luxury apartments, a 30,000-square-foot conference center and 200,000 square feet of office space.

USA Basketball is expected to relocate in the fall of 2015.

USA Basketball was previously located in Colorado Springs.