[RMB2007]

Sands, joined by Madison Square Garden, to unveil arena plans soon

The public can get their first look at the proposed Las Vegas Sands-Madison Square Garden joint venture arena in the coming weeks.

In the company's fourth-quarter earnings conference call Wednesday, Sands Corp. representatives said the project, which will be built behind its Venetian and Palazzo properties on Sands Avenue between Koval Lane and Manhattan Street, is still on track to begin construction this summer.

A public event to unveil the facility’s plan is slated for either February or March, which is expected to be attended by Irving Azoff, chairman and CEO of Azoff Madison Square Garden Entertainment; Tim Leiweke, CEO of the Oak Group; and James Dolan, executive chairman of the MSG group.

“You’re going to see something that’s pretty spectacular and I know our neighbors across the street, the Wynn, got to see it and it looks extraordinary,” Robert Goldstein, president and chief operating officer of Las Vegas Sands.

Construction on the 600,000-square-foot, 18,500-seat arena project has a summer 2020 completion timeline.

https://lasvegassun.com/news/2018/jan/25/sands-joined-by-madison-square-garden-to-unveil-ar/

 

[RMB2007]

 

[pesto]

OMG, is this something actually near the Monorail!

The sports boom is really hitting LV. Hockey, NFL and now a new space for the NBA. Are Seattle and LV going to get teams in 2025 or so?

 

[kbdude1971]

Is this is a live performance/music concert only venue or will it be able to host basketball, boxing, MMA, etc?

Does this diminish the chance of the All-Net arena being built?

 

[N830MH]

Is that going to be NBA? Is that for basketball?

 

[Chevy114]

OMG, is this something actually near the Monorail!

The sports boom is really hitting LV. Hockey, NFL and now a new space for the NBA. Are Seattle and LV going to get teams in 2025 or so?

I do find it ironic that it will be near the monorail for MGM hotels, but this isn't the arena that MGM owns.

Great spot, but still makes no sense to me why you want to state of the art arenas in the same town. But business is business and everyone wants to be in the mix I guess.

 

[BoulderGrad]

I do find it ironic that it will be near the monorail for MGM hotels, but this isn't the arena that MGM owns.

You might be crossing monorails.

The Vegas Monorail goes most of the way up and down the strip. It goes by properties owned by all 3 big casino groups (MGM, Caesars, and Las Vegas Sands).

The Monorail for the "MGM Hotels" is way further south and only goes between the Mandalay Bay, Luxor, and Excalibur.

Great spot, but still makes no sense to me why you want to state of the art arenas in the same town. But business is business and everyone wants to be in the mix I guess.

As long as they're privately financing it, build what ya want I guess... Looks like each casino group is trying to get their own shiny new arena. MGM already got T-Mobile and their sports tenant. Now I guess it's a race to see who gets the NBA team between Sands and Comcast.

 

[pesto]

I think that "need two stadiums" is not the issue.

A better way to say it is "can two similar stadiums each be profitable, in the sense of profits from events taking place there AND money attracted to the owners' properties nearby"?

Some really smart people are saying "yes". But of course sometimes they are wrong.

 

[H.U.S.T.L.E.]

On the face of it, it would seem that two major arenas competing for events would be beneficial to consumers. It will be interesting to see how it all works out.

Perhaps the most recent NBA Summer League buzz & ratings were an aberration due to the Lonzo Ball phenomenon, but with the NBA just announcing today that all 30 teams will be in Las Vegas for 2018 Summer League (and extending it to 12 days) I wouldn't be shocked to see them ramp up to playing in big arenas in the near future.

Right now they're still saying all the games will be on UNLV's campus, but it seems like a matter of time before they end up in T-Mobile and potentially this proposed arena for more anticipated matchups or teams that bring lots of fans (i.e. Lakers).

 

[N830MH]

On the face of it, it would seem that two major arenas competing for events would be beneficial to consumers. It will be interesting to see how it all works out.

Perhaps the most recent NBA Summer League buzz & ratings were an aberration due to the Lonzo Ball phenomenon, but with the NBA just announcing today that all 30 teams will be in Las Vegas for 2018 Summer League (and extending it to 12 days) I wouldn't be shocked to see them ramp up to playing in big arenas in the near future.

Right now they're still saying all the games will be on UNLV's campus, but it seems like a matter of time before they end up in T-Mobile and potentially this proposed arena for more anticipated matchups or teams that bring lots of fans (i.e. Lakers).

Oh! I am pretty sure about that. I was wondered for which name of NBA team. Is that going to be Las Vegas Sands or something like that. They will choose the name of the team.

 

[pesto]

Oh! I am pretty sure about that. I was wondered for which name of NBA team. Is that going to be Las Vegas Sands or something like that. They will choose the name of the team.

An NBA team is probably at least 7 or 8 years out.

I doubt any gaming interests will be involved in ownership of the team, directly or indirectly. Wynn and Adelson seem likely to be retired (whether they like it or not).

 

[ielag]

MSG would have little problem attracting concerts, boxing, and other entertainment to this arena. Would probably see a lot of acts that play The Forum in L.A. perform here on their tour.

 

[will101]

On the face of it, it would seem that two major arenas competing for events would be beneficial to consumers. It will be interesting to see how it all works out.

Perhaps the most recent NBA Summer League buzz & ratings were an aberration due to the Lonzo Ball phenomenon, but with the NBA just announcing today that all 30 teams will be in Las Vegas for 2018 Summer League (and extending it to 12 days) I wouldn't be shocked to see them ramp up to playing in big arenas in the near future.

Right now they're still saying all the games will be on UNLV's campus, but it seems like a matter of time before they end up in T-Mobile and potentially this proposed arena for more anticipated matchups or teams that bring lots of fans (i.e. Lakers).

I still wonder why would they need a fifth arena in Las Vegas.

 

[Skyckcty]

==

 

[Gefle]

This isnt a sports arena, it's supposed to be concerts only and all the seats are supposed facing the stage.. no head turning and all good views. gonna be intresting to see the layout (i guess a boxing style config could also work).

Decent location with the wynn developments nearby this could work out really well. let's see which artist grabs residency

 

[Skyckcty]

--

 

[Chevy114]

I still wonder why would they need a fifth arena in Las Vegas.

I was wondering the same thing, then someone pointed out that 3 of them are just convention centers with good size seating. This will only be the 2nd one that will be a proper arena. Still makes no sense to have 2, but since they will owned by competing companies I guess they can duke it out for boxing, ucf, and concerts.

 

[Jericho-79]

I was wondering the same thing, then someone pointed out that 3 of them are just convention centers with good size seating. This will only be the 2nd one that will be a proper arena. Still makes no sense to have 2, but since they will owned by competing companies I guess they can duke it out for boxing, ucf, and concerts.

Both Mandalay Bay and the MGM Grand Garden Arena are concert venues, not convention centers. Nowadays they're mostly used by non-A-list performers.

Thomas & Mack Center is a multi-purpose arena. But it's terribly outdated, and hasn't hosted many sporting or concert events since the T-Mobile Arena opened. I'm sure it will become Izod Center'ed in the far future.

But yea- What's the use of a second mega-arena in Vegas?

If Vegas wants to attract an NBA franchise, they could easily configure T-Mobile into a basketball arena (like what was done at the Little Caesars Arena).

Is it set in stone that this new Sands arena will be a concerts-only venue like the Inglewood Forum?

 

[slipperydog]

People are also forgetting All Net Arena that Comcast and former NBA player Jackie Robinson are building on the Strip just south of Sahara. It is being designed to host an NBA team.

So it makes sense that this is being built as a concert venue and not sports arena.

 

[KingmanIII]

Thomas & Mack Center is a multi-purpose arena. But it's terribly outdated, and hasn't hosted many sporting or concert events since the T-Mobile Arena opened. I'm sure it will become Izod Center'ed in the far future.

Thomas & Mack just underwent a major renovation. I don't see UNLV ever vacating the place, anyway.