What was no more than a road and a patch of dirt two years ago now is the newest, coolest, and possibly the most environmentally friendly development on the Las Vegas Strip.
MGM Resorts International last week unveiled its 3-acre Park and revealed the $365 million T-Mobile Arena, which already earned Gold Certification for Sustainability and is one of the most environmentally friendly arenas in the world.
MGM and entertainment giant AEG partnered to build T-Mobile Arena, using only private funding and employing 3,500 union workers to complete the 20,000-seat, multi-purpose venue.
MGM has more than 100 events scheduled at T-Mobile, including sporting events and concerts, and has a target of more than 200 annual events. A NHL pro hockey team is expected to play in the new arena within a year or two.
The initial investment of $365 million already is paid for via T-Mobile paying $365 million to name the arena. That leaves MGM and AEG looking to profit from ticket sales and related events spending.
Between the Park and T-Mobile Arena is Toshiba Plaza, where up to three outdoor performance stages provide free entertainment for locals and visitors. Guests don’t need tickets to events at T-Mobile to hang out at Toshiba Plaza and take in the fun and entertainment offered there.
Parking for the venues are located at the New York-New York and Monte Carlo Casino parking structures, but visitors will have to pay to park during big events, where $10 commonly will be charge for event parking.
MGM’s new big development isn’t its last. A new, 5,000-seat theater is underway at the Monte Carlo casino.
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