MGM's Strip arena to be complemented with 'The Park' - FOX5 Vegas - KVVU

MGM's Strip arena to be complemented with 'The Park'

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An artist's rendering of The Park that is being planned between the New York-New York and Monte Carlo properties on the Las Vegas Strip. (Source: MGM Resorts International)) An artist's rendering of The Park that is being planned between the New York-New York and Monte Carlo properties on the Las Vegas Strip. (Source: MGM Resorts International))
LAS VEGAS (FOX5) -

MGM Resorts offered a clearer picture on Monday of what it plans to do to the area leading to its planned 20,000-seat arena just off the Las Vegas Strip.

The company said it will transform the roadway leading to the arena on the west side of the Strip into the outdoor entertainment and dining district, The Park.

MGM's plans call for a reworking of Rue de Monte Carlo, which is the roadway situated between the New York-New York and Monte Carlo hotel properties, to be curved as well as lined with trees. On either side of the drive, eateries, bars and retail stores will be part of the 8-acre complex leading to the arena.

The Park is expected to open in conjunction with the arena in 2016. The arena, which is being built and operated in partnership with AEG, is set for groundbreaking on Thursday, May 1.

MGM plans to design the arena to host future NBA and NHL teams, as well as concerts, boxing, mixed martial arts, family show and other events. The cost of the privately funded venue is estimated at $350 million.

Copyright 2014 KVVU (KVVU Broadcasting Corporation). All rights reserved.

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