(Las Vegas, NV)  —  A new 20,000 seat arena on the Las Vegas Strip is taking shape.

The $350-million project by MGM Resorts and entertainment giant AEG will be located between the New York-New York and Monte Carlo resorts.

The renderings show a 12 story glass and steel structure with an LED screen spanning more than 5 acres.

Groundbreaking is set for the spring of 2014, with a scheduled opening in 2016.

The arena will feature concerts, boxing, mixed martial arts, award shows and other events.

It’s not the only major venue planned for Vegas.  An eleven-member panel is studying whether to build a new football stadium on the UNLV campus.


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