The building will be located not far away from the Museum of Sport. There will be a museum of basketball, conference halls and administration halls, which will locate the Lithuanian Basketball Federation.

'It will be a wonderful attraction for tourists and motivation for the youth,' said Arvydas Sabonis, the President of the Lithuanian Basketball Federation.

According to the Kaunas Mayor Visvaldas Matijošaitis, construction works should start already next year.

The construction costs of the House of Basketball were estimated at about 1.5 million euro. The Federation plans to obtain the money from the sale of held securities, their present premises and with the help of private sponsors.