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MGM Partners Up With AEG To Open New Arena in 2016

June 18, 2013 at 5:49 PM | by | Comments (3)

The planned Park from MGM with a new arena in the far right.

We've been covering the massive changes to New York-New York and Monte Carlo that are in store (and are already underway) but, today, MGM Resorts dropped the news (again) that they will be partnering with AEG to build that 20,000-seat arena they talked about a few months ago.

Extending from Las Vegas Boulevard to Frank Sinatra Drive and in between NY-NY and Monte Carlo, the indoor arena will host sporting events, Justin Bieber concerts headline entertainment and other special events. The arena will break ground next summer and should open its door by spring of 2016. It will cost about $100 million and will be designed by Populous, the design firm behind London's O2 Arena and Kansas City's Sprint Center.

No word on what the Arena will be called, but AEG is currently "seeking a naming rights partner." Please, we hope they name it something cool and not after a financial institution or an oddly-named tech company. No offense, Zappos.

[Photo: MGM Resorts International]

Comments (3)

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Price?

According to the Las Vegas sun, this thing is going to cost $350 million! http://www.vegasinc.com/news/2013/jun/18/new-las-vegas-strip-arena-cost-350-million/#/0 Also, is this really needed? Seems there is plenty of show capacity on the Strip?

What about the current arena?

Is the current arena being re-purposed or just torn down?

@russtcb

I'm not sure which arena you are asking about. Right now, this land is occupied with surface parking lots and CityCenter offices.

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