$375 Million New Las Vegas Arena GroundBreaking Set To Debut In 2016

A new $375 million Las Vegas Arena Company, owned by AEG and MGM Resorts International, had a groundbreaking ceremony today on a world-class, privately funded indoor arena set to open in spring 2016.

Ground Breaking Ceremony With Floyd Mayweather, Jr.

Las Vegas Arena Strip View
Balcony View From The New Las Vegas Arena Overlooking Strip
Rendering Las Vegas Arena
20,000 Seat Sports And Entertainment Venue

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 & CEO of AEG and Jim Murren, Chairman and CEO of MGM Resorts International.

Jim Murren and Dan Beckerman
CEO of MGM Resorts International Jim Murren
Pres and CEO AEG Dan Beckerman At Las Vegas Arena Groundbreaking

”We are committed to ensuring that Las Vegas retains its title as Entertainment Capital of the World for generations to come,” said Murren. “The addition of this world-class arena, which will attract new events to the market and enable existing events to grow in scale, is an integral component in that strategy. No destination can deliver the level of energy and excitement found in Las Vegas, where every day has the vibe of a big event day.”

Las Vegas Arena Ground Breaking Celebration
Celebration Commences At Groundbreaking Of $375 Million Arena

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 W B C Welterweight World Champion Floyd Mayweather who took time away from final preparations for his Saturday night title defense to participate in this historic groundbreaking ceremony.

Executives of AEG and MGM With Special Guests
Executives from AEG and MGM Resorts, and special guests commemorate the
groundbreaking of the Las Vegas Arena. (L to R): Sisolak, Murren, Schaefer,
Mayweather, Walton, Gray, White, Beckerman, Robitaille, Williams
Honorees Break Ground For The Las Vegas Arena
(L to R): Schaefer, Sisolak, Murren, Mayweather,
Beckerman, Walton, Robitaille, White

Beckerman said, “We are excited to be breaking ground today on this iconic project. Together with MGM, we have designed an arena with some of the most unique features, offerings and amenities for our fans and sponsors. We look forward to bringing the best sports and entertainment events to this new state-of-the-art arena in one of the most vibrant entertainment markets in the world.”

Floyd Mayweather In Construction Vehicle
Floyd Mayweather Makes Surprise Entrance To Groundbreaking

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.

Commission Chair Sisolak said, “This arena should symbolize for everybody watching that Las Vegas will continue to emerge from the recession a stronger, smarter, healthier and more vibrant destination for international tourism. Projects such as this create much-needed jobs and are true economic drivers.” Photo credit: MGM Resorts International

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Bill Cody is an entertainment, technology and luxury travel reporter in Las Vegas. He reports on celebrities, events, tech, food, Las Vegas and luxury travel.

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