Las Vegas’ growing reputation as a destination for major concerts and sports events has gotten another boost from a decision by Las Vegas Sands to move forward with development of an 18,500-seat arena adjacent to its Venetian and Palazzo resorts on the Strip.
The casino giant said construction of the 600,000-square-foot venue on Sands Avenue is on track to begin this summer with opening slated for 2020.
LVS said the arena’s plans will be unveiled to the public either this month or in March with partners Irving Azoff, chairman and CEO of Azoff Madison Square Garden Entertainment, MSG Executive Chairman James Dolan and Tim Leiweke, CEO of the Oak Group in attendance.
“You’re going to see something that’s pretty spectacular, and I know our neighbors across the street, the Wynn, got to see it and it looks extraordinary,” said LVS President and COO Robert Goldstein.
The venue will enhance a market that currently features the T-Mobile Arena, home of the National Hockey League’s Las Vegas Golden Knights; the University of Nevada, Las Vegas’ Thomas & Mack Center; the Orleans Arena; MGM Grand Garden Arena; the Mandalay Bay Events Center, soon to be home to the WNBA’s Las Vegas Aces; and a planned 65,000-seat domed stadium for the National Football League Raiders.
