Sands, joined by Madison Square Garden, to unveil arena plans soon

Thursday, Jan. 25, 2018|2 a.m.

. The public can get their very first take a look at the proposed Las Vegas Sands-Madison Square Garden joint venture arena in the coming weeks.

In the company’s fourth-quarter profits conference call Wednesday, Sands Corp. representatives said the job, which will be developed behind its Venetian and Palazzo properties on Sands Opportunity in between Koval Lane and Manhattan Street, is still on track to begin building this summer.

A public event to reveal the center’s plan is slated for either February or March, which is expected to be attended by Irving Azoff, chairman and CEO of Azoff Madison Square Garden Home Entertainment; Tim Leiweke, CEO of the Oak Group; and James Dolan, executive chairman of the MSG group.

“You’re visiting something that’s quite magnificent and I understand our next-door neighbors across the street, the Wynn, got to see it and it looks remarkable,” Robert Goldstein, president and chief operating officer of Las Vegas Sands.

Building and construction on the 600,000-square-foot, 18,500-seat arena job has a summertime 2020 completion timeline.

A bunch of significant building jobs have been announced over the past couple of years, including the proposed Raiders arena and the recently announced Wynn West growth, and Goldstein said it’s not a surprise to see an upward trend in building around Las Vegas.

“It’s a great location to live and work. The growth is returning around Las Vegas– it’s more of a lodging-based market than it’s been in the past,” he said. “The Golden Knights have done extremely well and the hockey has actually been excellent, football is coming, why not.”

“Las Vegas has some great days ahead of it.”

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