Las Vegas has long been talking about building an arena to host sporting events and big-name concerts, and now that idea seems one step closer to reality. On Tuesday, MGM Resorts International and entertainment company AEG announced the two entities will join forces to build a 20,000-set indoor venue just off the Las Vegas Strip.
The $350 million arena will be the centerpiece to a new pedestrian mall being developed on a piece of MGM-owned land between the New York-New York and Monte Carlo resorts. Ground will be broken next summer, and the arena is expected to be completed by spring 2016. Design firm Populous, the powerhouse behind London’s O2 arena and Kansas City’s Sprint Center, will draw up plans for the arena.
Although there is no sports franchise lined up for the stadium, Associated Press reports former Las Vegas Mayor Oscar Goodman had previously tried to attract a developer to build a stadium fit for a pro hockey or basketball franchise. Developers are just hoping the event capital of the world will be able to attract high-profile acts and sporting matches to fill the stadium to capacity.