If the NBA decides to expand, organizers in Montreal wants the league to look north of the border.
"Although the NBA and its commissioner have made it clear to us that they currently have no plans to expand the league, we have taken the decision to prepare for when expansion does take place because we believe it will take place," Fortier said.
The group has been meeting with potential Canadian and foreign investors to arrange to finance. Fortier estimated the cost at between $1.5 billion and $2 billion in U.S. dollars but said no public funding would be required.
According to Fortier, Montreal Canadiens owner Geoff Molson is open to the idea of an NBA team playing at the Bell Centre.
Seattle, which saw its SuperSonics move to Oklahoma City in 2008, has long been considered the favourite for future expansion. Other cities who have expressed interest include Vancouver, Pittsburgh, Las Vegas, San Diego and Kansas City.
(With inputs from agencies.)