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.
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