New Vegas Venue Could Cost $1.7B

It's scheduled to open in 2021 with a huge interior wrap-around LED screen.

Aug 22, 2019

This conceptual rendering released by Madison Square Garden shows the exterior of the MSG Sphere Las Vegas arena. Company and project officials are estimating costs to complete a spherical entertainment venue under construction on the Las Vegas Strip at between $1.2 billion and $1.7 billion. Madison Square Garden Co. President Andrew Lustgarten disclosed cost projections Tuesday, Aug. 20, 2019 along with quarterly company earnings. The 18,000-seat arena, called MSG Sphere, is a partnership between MSG and Las Vegas Sands, the owner of the adjacent Venetian and Palazzo resorts.

Madison Square Garden via AP

LAS VEGAS (AP) — Company and project officials are estimating the costs of a spherical entertainment venue under construction on the Las Vegas Strip at between $1.2 billion and $1.7 billion.

Madison Square Garden Co. President Andrew Lustgarten disclosed cost projections Tuesday along with quarterly company earnings.

The 18,000-seat arena, called MSG Sphere, is a partnership between MSG and Las Vegas Sands, the owner of the adjacent Venetian and Palazzo resorts.

The Las Vegas Review-Journal reports the company and general contractor AECOM are negotiating a final cost.

It could be more than four times the $375 million it took to build T-Mobile Arena, which opened in 2016 about 4 miles (6.4 kilometers) down the Strip.

MSG Sphere is scheduled to open in 2021 with a huge interior wrap-around LED screen and immersive audience experience technology.