LAS VEGAS (KSNV & MyNews3) -- MGM Resorts unveiled plans to build a 20,000 seat arena right near the Strip.
This would be its third, following the MGM Grand Garden Arena and Mandalay Bay Events Center, but it wants this one to be bigger and better. It would be located on MGM property behind the New York New York Hotel and the Monte Carlo near Frank Sinatra Drive.
MGM Resorts International Spokesman Gordon Absher says it would be centrally located near 50,000 hotel rooms.
“It’s going to create a focus of energy. It’s going to revitalize a lot of this area and the arena is the anchor of a larger project that we’ll reveal more details on in the near future,” Absher said.
Plans announced are so new there are no designs to be released, but Absher says it will be top of the line for concerts and sporting and boxing events.
“It would be ready to handle pro basketball, pro ice hockey, if that team is passing through for an exhibition game, whether it’s a tournament or whether a pro team decides to look seriously at Las Vegas. This arena would be able to handle that,” Absher said.
It has the financial partnership of AEG, which is also behind the Staples Center in Los Angeles.
Meanwhile, this announcement comes just a couple of weeks after MGM stepping back from a $20 million pledge to the future UNLV stadium project.
“This announcement today by no means changes our support for a stadium at UNLV. A 60,000 seat outdoor stadium does not compete with a 20,000 seat indoor arena, Absher said, “MGM Resorts continues to supports a stadium for UNLV but we feel it needs to be appropriately sized and responsibly financed.”
UNLVNow Point man Don Snyder issued a statement in which he says:
“We appreciate MGM’s support of the UNLVNow project…We feel the mega-events center which is designed to host events for 25,000 to 60,000 spectators, is complementary to and not in competition with arena projects currently under discussion."
And that isn’t the only venue. Caesar’s had an arena project that would have relied on a special tax district that would have helped pay for it. We reached out to them but they were not available.
MGM looks forward to starting its privately funded arena.
It did not release costs and expects to turn dirt later this year. Construction would last at least a year.