Las Vegas Arena Company, owned by AEG and MGM Resorts International, broke ground last Thursday on a world-class, privately funded, $375 million indoor arena set to open in spring 2016. Located west of the Las Vegas Strip, between New York-New York and Monte Carlo resorts, the new 20,000-seat arena will host boxing, UFC and other sporting events, major headline entertainment, awards shows and special events.
On hand to welcome guests to the special ceremony, which signaled the start of construction of the venue being built on a 16-acre site, were Dan Beckerman, president and CEO of AEG and Jim Murren, chairman and CEO of MGM Resorts International. Joining the partners to put the first shovels in the ground were Chair of the Board of Clark County Commissioners Steve Sisolak, president of Ultimate Fighting Championship Dana White, CEO of Golden Boy Promotions Richard Schaefer, NBA and NCAA legend and Hall of Famer Bill Walton, NHL legend and Hall of Famer Luc Robitaille and WBC Welterweight World Champion Floyd Mayweather, who took time away from final preparations for his Saturday night title defense to participate in this historic ceremony.
Expected to host more than 100 events annually, the arena designed by industry-leading architect Populous will house multiple locker facilities, premium dressing rooms, complete broadcast facilities and a variety of staging innovations that will bring the biggest stars and most important events to Las Vegas’ newest landmark. Designed to meet the U.S. Green Building Council’s standards for LEED Gold Certification, the arena will feature 50 luxury suites, more than two dozen private loge boxes and other specially designed exclusive hospitality offerings never before featured in a facility of its kind.
AEG Global Partnerships, an affiliate of AEG that collaborates with more than 100 venues and other AEG assets worldwide to create sales and marketing platforms, is overseeing the sale of naming rights, sponsorships, premium seating and luxury suite sales for the new Las Vegas showplace.