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FILE – This conceptual rendering released by Madison Square Garden shows the outside of the MSG Sphere Las Vegas arena. The company and project officials estimate the cost of completing a spherical entertainment complex under construction on the Las Vegas Strip is $ 1.2 billion to $ 1.7 billion. Madison Square Garden Co. President Andrew Lustgarten unveiled his cost forecast on Tuesday August 20, 2019, as well as the company's quarterly results. The 18,000-seat MSG Sphere stadium is a partnership between MSG and Las Vegas Sands, owner of adjacent Venetian and Palazzo resorts (Madison Square Garden via AP).
FILE – This conceptual rendering released by Madison Square Garden shows the outside of the MSG Sphere Las Vegas arena. The company and project officials estimate the cost of completing a spherical entertainment complex under construction on the Las Vegas Strip is $ 1.2 billion to $ 1.7 billion. Madison Square Garden Co. President Andrew Lustgarten unveiled his cost forecast on Tuesday August 20, 2019, as well as the company's quarterly results. The 18,000-seat MSG Sphere stadium is a partnership between MSG and Las Vegas Sands, owner of adjacent Venetian and Palazzo resorts (Madison Square Garden via AP).
LAS VEGAS (AP) – The company and project leaders are estimating the costs of a spherical entertainment venue under construction on the Las Vegas Strip between $ 1.2 billion and $ 1.7 billion.
Madison Square Garden Co. President Andrew Lustgarten unveiled Tuesday the company's cost forecast and quarterly results.
The MSG Sphere stadium, with seating capacity of 18,000, is a partnership between MSG and Las Vegas Sands, owner of adjacent Venetian and Palazzo resorts.
The Las Vegas Review-Journal states that the company and the general contractor AECOM are negotiating a final cost.
That could be more than four times the $ 375 million needed to build the T-Mobile Arena, inaugurated in 2016 about 6.4 km from the Strip.
MSG Sphere is expected to open in 2021 with a large wraparound LED screen and immersive technology for the audience.
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