LAS VEGAS (AP) — Groundbreaking has begun on a new, 20,000-seat arena along the Las Vegas Strip that would improve the city’s chances of attracting professional sports teams.
Casino company MGM Resorts International and sports and entertainment giant AEG marked the occasion with a splashy groundbreaking ceremony.
The $350 million project will be located near the New York-New York and Monte Carlo casinos, between Las Vegas Boulevard and Interstate 15. It will be the centerpiece of an eight-acre, tree-lined entertainment and dining district dubbed “The Park.”
The privately funded project is the furthest along of several arenas proposed for Las Vegas in recent years. Mayor Carolyn Goodman has championed a 20,000-seat arena in the revitalized downtown area that would be financed with a combination of private funds and city-issued bonds.