Commissioners Approve Plans for 20,000 Seat Arena - 8 News NOW

Commissioners Approve Plans for 20,000 Seat Arena

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LAS VEGAS -- Clark County commissioners approved plans Wednesday for the location of a 20,000-seat arena that MGM Resorts International wants to build with its partner AEG.

The $350 million arena is slated to be built on 12 acres between the New York-New York Hotel and Casino and Frank Sinatra Drive.

The plans call for more than just an arena. The project also includes a park area, walkway and restaurants.

"It is big news. It shows that MGM has a lot of confidence in our economy and on the sustainability of Las Vegas," Clark County Commission Mary Beth Scow said.

Groundbreaking on the privately funded project is due to begin in the spring of 2014 with a completion date of mid-2016. The project could create 5,000 construction jobs and estimated 3,000 jobs when the arena opens.

"They've got the financing. They're a strong company. This is going to happen," Clark County Commissioner Chris Giunchigliani said.

The project is expected to contribute more than $37 million to the economy each year.

UNLV is also working on building an arena, but those plans are still in the works. Many are happy to see to progress with this one.

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