Cost of spherical Vegas Strip venue put at $1.2 billion-plus

Entertainment

FILE – This conceptual rendering released by Madison Square Garden shows the exterior of the MSG Sphere Las Vegas arena. Company and project officials are estimating costs to complete a spherical entertainment venue under construction on the Las Vegas Strip at between $1.2 billion and $1.7 billion. Madison Square Garden Co. President Andrew Lustgarten disclosed cost projections Tuesday, Aug. 20, 2019 along with quarterly company earnings. The 18,000-seat arena, called MSG Sphere, is a partnership between MSG and Las Vegas Sands, the owner of the adjacent Venetian and Palazzo resorts (Madison Square Garden via AP)

LAS VEGAS (AP) — Company and project officials are estimating the costs of a spherical entertainment venue under construction on the Las Vegas Strip at between $1.2 billion and $1.7 billion.

Madison Square Garden Co. President Andrew Lustgarten disclosed cost projections Tuesday along with quarterly company earnings.

The 18,000-seat arena, called MSG Sphere, is a partnership between MSG and Las Vegas Sands, the owner of the adjacent Venetian and Palazzo resorts.

The Las Vegas Review-Journal reports the company and general contractor AECOM are negotiating a final cost.

It could be more than four times the $375 million it took to build T-Mobile Arena, which opened in 2016 about 4 miles (6.4 kilometers) down the Strip.

MSG Sphere is scheduled to open in 2021 with a huge interior wrap-around LED screen and immersive audience experience technology.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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