LAS VEGAS—MGM Resorts International andAEG have finalized a $200-million bank facility tofund the development and construction of a new 20,000 seatarena. Located on the west side of the Las Vegas Strip,between New York—New York and Monte Carlo resorts, the new $375-million privately funded world-classarena is currently under construction. The Las VegasArena is scheduled to debut in the spring of 2016.


"We are grateful for the support of our financial partners inhelping MGM and AEG bring a world-class arena to Las Vegas,” saysDan Beckerman, president and CEO of AEG. “Thisfinancing along with the equity contributions of both partnersfully funds the development and construction of this new and iconicvenue.”


Jim Murren, chairman and CEO of MGM ResortsInternational, says "This partnership was committed from the startthat this would be a privately funded arena and we are proud tohave accomplished this goal. While construction is progressing onsite, our industry-leading entertainment teams are working behindthe scenes, already seeking out and developing new and expandedevents to fill this new stage. This entertainment programming willcarry our city forward for years to come, fortifying Las Vegas asthe Entertainment Capital of the World."


Las Vegas Arena Co. is jointly owned by AEG and MGM. Construction of the indoor arena began in May 2016.


Expected to host more than 100 events annually, the arenadesigned by architect Populous, will feature20,000 seats, 50 luxury suites, more than two dozen private logeboxes and other specially designed exclusive hospitality offeringsnever before featured in a facility of its kind. Designed tomeet the USGBC's standards for LEED Gold Certification, the arenawill house multiple locker facilities, premium dressing rooms,complete broadcast facilities and a variety of staging innovationsthat will bring the biggest stars and most important events to LasVegas' newest landmark.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.