New Las Vegas Arena From MGM and AEG Moves Forward With Financing Deal (SLIDESHOW)

The new 20,000 seat arena on the Las Vegas Strip from AEG and MGM Resorts International took another step forward with the finalization of a $200 million bank facility to fund the project, the two companies report. 

The strip, which will be on the west side of the Strip between the New York - New York and Monte Carlo resorts, is currently under construction and slated for a spring 2016 opening. 

RELATED: MGM, AEG Break Ground on Las Vegas Strip Arena


Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

Here's a look at proposed renderings for the project:

The arena is expected to host more than 100 events annually, and will have 20,000 seats, 50 luxury suites, more than two dozen private loge boxes and other specially designed hospitality offerings. The facility is designed to meet the U.S. Green Building Council's LEED Gold Certification standard. 


Suggested Articles:

The new group tours of no more than 20 visit off-the-beaten-path locations and Italian favorites. Here’s what travelers can expect.

Carnival Corporation issued a financial update today, with details about its liquidity, cash burn, ship sales, delayed deliveries and future bookings.

Key West’s Fantasy Fest 2020, originally scheduled October 16-25, has been canceled to protect against the potential spread of COVID-19. Read more.