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Discussion Starter #1 (Edited)
Expected to open in 2016.

LAS VEGAS, March 1, 2013 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and AEG today announced the companies have entered into an agreement to pursue the development of a privately funded, 20,000-seat indoor arena in Las Vegas on land located west of the Las Vegas Strip, between New York-New York and Monte Carlo. The new arena would be a venue capable of hosting boxing and other sporting events, major headline entertainment, and other special events.

The arena will be the centerpiece of a complete revitalization of the area between New York-New York and Monte Carlo, extending from Las Vegas Boulevard to Frank Sinatra Drive. The overall project will involve new retail shops, dining and entertainment offerings, both between the two properties and along their frontage on the world-famous Las Vegas Strip.




http://pn.newsblaze.com/story/2013030105310400004.pnw/topstory.html

http://www.reviewjournal.com/columns-blogs/norm-clarke/mgm-chief-talks-about-arena-plans

http://www.reviewjournal.com/business/casinos-gaming/mgm-has-grand-plans-trendy-plaza-sports-arena
 

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Discussion Starter #6
MGM RESORTS INTERNATIONAL & AEG ENTER INTO DEFINITIVE JOINT VENTURE AGREEMENT TO DEVELOP NEW LAS VEGAS ARENA

LAS VEGAS, June 18, 2013 – AEG and MGM Resorts International (NYSE: MGM) have completed and executed transactional agreements formalizing the details of the previously announced joint venture to build a new arena project, which will be the centerpiece of a complete revitalization of the area between New York-New York and Monte Carlo resorts, extending from Las Vegas Blvd. to Frank Sinatra Drive. They have selected Populous, designers of many of the world’s most memorable sports, concert and entertainment venues as the Architect of Record and designer for the new approximately 20,000-seat indoor arena.



The arena is expected to break ground in summer 2014, with the grand opening projected for spring 2016. The project is anticipated to cost approximately $350 million and be financed with equity contributions from each of the partners as well as privately funded third-party financing.



“Finalizing our agreement with AEG and selecting Populous, a world-class design firm, as the architect of this project are both important milestones in this process,” said Jim Murren, MGM Resorts International Chairman and Chief Executive Officer. “The combination of MGM and AEG, along with the excellent Las Vegas Strip location, is already driving interest from potential investors in this exciting new development.”



Populous is underway creating designs for the state-of-the-art arena set to become Las Vegas’ premier destination for sporting events, major headline entertainment and special events that will drive significant visitation and revenue to Las Vegas. The venue will feature a variety of unique premium seating offerings as well as other hospitality areas for entertaining and private events
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http://aegworldwide.com/about/newsdetail/12045
 

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There are enough arenas in Vegas already.

Like the Mandalay Bay Events Center, the Thomas & Mack Arena, and the MGM Grand Garden.
 

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Discussion Starter #9
There are enough arenas in Vegas already.

Like the Mandalay Bay Events Center, the Thomas & Mack Arena, and the MGM Grand Garden.
None of those are premium arenas. Something that could serve as a home for major concerts and sporting events. Vegas is looking for something on the level of Staples Center with similar technical and hospitality capabilities.
 
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This could be a real contender for any expansion team alongside Seattle to even the number at 32, no?
 

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Sounds like a good project.

I've never really understood why Las Vegas can't land a franchise of some sort. If Orlando can have a pretty decent basketball team, surely Las Vegas can?
 

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Sounds like a good project.

I've never really understood why Las Vegas can't land a franchise of some sort. If Orlando can have a pretty decent basketball team, surely Las Vegas can?
I'm not sure how our team is relevant, but you obviously haven't seen them lately. :lol: Regardless, there's no gambling in Orlando. That is why Vegas can't have a sports team.
 

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Sounds like a good project.

I've never really understood why Las Vegas can't land a franchise of some sort. If Orlando can have a pretty decent basketball team, surely Las Vegas can?
Just like Atlanta, Charlotte, Cleveland, Detroit, Philadelphia, Toronto, Milwaukee, Minneapolis, Sacramento, Boston, New Orleans, Washington, Salt Lake City, Denver, Phoenix, Houston, Portland. All those cities have sucessful, relevant NBA teams, right...right?
 

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Just like Atlanta, Charlotte, Cleveland, Detroit, Philadelphia, Toronto, Milwaukee, Minneapolis, Sacramento, Boston, New Orleans, Washington, Salt Lake City, Denver, Phoenix, Houston, Portland. All those cities have sucessful, relevant NBA teams, right...right?
Actually yes they do......
 

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Just like Atlanta, Charlotte, Cleveland, Detroit, Philadelphia, Toronto, Milwaukee, Minneapolis, Sacramento, Boston, New Orleans, Washington, Salt Lake City, Denver, Phoenix, Houston, Portland. All those cities have sucessful, relevant NBA teams, right...right?
Well they are making progress. They got rid of Seattle...

:)
 

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Will this new arena obtain naming rights?

Do you think MGM Resorts International will puts its own name on the arena?

I mean- None of Las Vegas' concert venues have naming rights.
 
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