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June 19, 2013

MGM, AEG to build $350M Vegas arena

  • The international design firm Populous will draw up plans for premium seating and hospitality areas for entertainment and sports events.
    • By KEN RITTER
    Associated Press

    LAS VEGAS — Years of talk about building an arena capable of hosting professional sports and big-name concerts yielded an announcement Tuesday that casino giant MGM Resorts International and entertainment company AEG will build a privately financed 20,000-seat indoor venue on the Las Vegas Strip.

    Construction on the $350 million arena should start next summer on land that MGM Resorts owns between the New York-New York and Monte Carlo resorts, the two companies said in a joint announcement. Completion is expected by spring 2016.


     
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