Clark County commissioners, sitting as the County Zoning Commission, have approved the MGM Resorts International’s land use applications for its proposed $350 million, 20,000-seat arena behind New York-New York and Monte Carlo on the Strip.
“We’re pleased the Commission reviewed and approved our land use and zoning applications for the Las Vegas Arena project,” MGM Resorts said in a statement.
“We’re eager to move ahead and intend to break ground this summer and open the new facility in 2016,” the statement said.
County action occurred Wednesday.
MGM Resorts is partnering with AEG entertainment company on the arena project.
The next step is for MGM Resorts to relocate staff and equipment from existing office buildings on the site. Those structures will then be razed to prepare the site for construction.
“Simultaneously, we will finalize our design process and begin submitting plans for review and approval, so we can begin pulling permits and start work,” MGM said.
The plan also includes a shopping center and a park plaza that will serve as a gateway into the arena.
MGM/AEG is looking to fill the building with a variety of content, such as concerts, award shows, sports events, boxing matches and mixed martial arts fights.
The arena is expected to generate $37.1 million in public revenue annually.