Las Vegas Sands Corp. Announces Huge-Ass New Music and Entertainment Venue

A bigtime Las Vegas casino company has drawn a line in the (wait for it) sand with the announcement of a new live music venue just off the Las Vegas Strip.

Las Vegas Sands Corp. has partnered with the Madison Square Garden Company to build a 17,500-seat venue designed to host music and entertainment. The venue is expected to give the 20,000-capacity T-Mobile Arena and 16,800-seat MGM Grand Garden Arena a run for their
money.

The yet-to-be-named venue will be located on Sands Ave. between Manhattan Street and Koval Lane. Yeah, we didn’t know where that was, either, so we took to the skies to figure it out.

Sands music venue

Las Vegas Sands Corp. is going to need a storage unit to put all this stuff in.

The official news release about the venue contains some interesting elements.

For one, it’s claimed this 400,000-square-foot project “will be the world’s largest venue
built specifically for music and entertainment.”

The release also says “the venue will re-invent the VIP experience, with luxurious seating
options and exclusive clubs and lounges,” and it will “feature first-class amenities in
deluxe, dedicated areas specifically designed to elevate the artist experience.”

Oh, news releases.

Perhaps the most news release-like thing in the official news release is the assertion this
venue will “re-define the live music and entertainment experience.”

We’re going to go out on a limb and say that’s not the case, but we love surprises.

Here’s another look at the spot where the venue will be erected, mainly because we enjoy
the word “erected” so much.

Interestingly, the Madison Square Garden Company will own the venue, not Las Vegas Sands. The land is owned by Las Vegas Sands Corp., but Madison Square Garden Company will hold a 50-year lease agreement.

As part of the project, a pedestrian bridge will be built to connect the new venue to the
Venetian and Palazzo.

Officials from Madison Square Garden Company claim “Las Vegas has been under-served in
terms of large-scale entertainment.” Which is weird, because most people associate Las
Vegas with being over-served, if you get our drift.

Well, we’ll know soon enough. The project is expected to take two years to complete.

Sands music venue site

New things are fun. Especially when we’re not being asked to pay for them.

Financial details of the project haven’t been made public, but Las Vegas Sands Corp. is expected to provide Madison Square Garden Company with $75 million to help fund construction costs, including the cost of the pedestrian bridge.

Assuming this new venue happens as planned, competition for big-name bands will be at a
fever pitch in Las Vegas, and that means escalating prices for talent. Those higher prices
tend to trickle down, so expect another bump in Las Vegas ticket prices when this new venue
comes online.

What do you think? Can Las Vegas sustain another massive music venue, even one that will
re-define what it is to re-define the entertainment experience?

Take a listen to our incoherent ramblings about this very subject on KNPR, an actual radio station.

Got questions about this music venue project? We’ve got answers!

Question: Is this project going to happen?

Answer: Sure! The key is the fact the project is privately funded. Las Vegas Sands is contributing $75 million to the project, but Madison Square Garden Co. will ultimately own and operate it.

Question: Can Las Vegas support another big arena?

Answer: Probably! Opinions differ about that point, though.

Nobody has been clamoring about a new venue of that size, but developers believe Las Vegas is “under-served” when it comes to large events.They say Las Vegas hosted 48 concerts in buildings with a capacity of more than 9,000 in 2015. During that same year, more than 180 comparable music and other entertainment events took place in L.A. Is that a fair comparison? Who knows, but they’re moving ahead, anyway.

Project developers are saying a lot of interesting things, including, “There has not been an incentive for major, premium-quality acts to come to Las Vegas on a number of levels.” Not sure that’s true, but we appreciate their verve.

Question: Who wins with this project?

Answer: First, the artists! When the biggest venues were all owned by MGM Resorts, there wasn’t a lot of competition for big acts. Now, the prices paid for big-name acts is going to spike. Las Vegas Sands will also be a big winner. They have minimal risk, but will have a shiny new amenity to offer guests of Venetian and Palazzo. Those hotels will also get first dibs on tickets to include in hotel packages. This new offering will keep guests in the neighborhood, rather than visitors seeking out entertainment, lodging and gambling elsewhere.

The new Las Vegas Sands and Madison Square Garden venue is still a couple of years away, but its impact is already being felt in Las Vegas concert circles. There’s more fun to come!

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  • Danny Chiang

    Seems like a pretty long walk.

  • ZzjitterzZ

    It’s interesting to note that LV Sands doesn’t own that block of land in its entirety. It owns the interior while Wynn has much of the outside perimeter. This goes back to when there were two separate apartment complexes located here. LVS wanted both for an expansion of Sands Expo, so it bought the bigger, interior one, and in retaliation Wynn outbid them for the outside. This was essentially the start of the pissing match between Adelson & Wynn- Palazzo was built to overtop the Wynn tower, then the Steve built the Encore to be taller than that. The parking garage seen is actually for the employees of WynnCore, and it physically blocks the expansion of Sands Expo. My guess is that Wynn will sell all but the garage to Adelson so he can concentrate on Paradise Park.

    • Thanks for that information. Haven’t read anything about that complication, so very enlightening.

  • Troy Swezey

    “The yet-to-be-named venue…” So… Let’s choose sides. Will it be an Ego named place like Madison Square Garden West or Sands Arena or will they go corporate sponsorship?

    • Clancy3434

      MSG Corp owns a number of venues outside of the actual MSG… They own the XL Center in Hartford, Radio City Music Hall, the Forum in LA, etc. etc.

      • Truth. As with AEG, this gives them more bargaining power with talent as they can book multiple venues.

    • Naming rights can be very lucrative, but Madison Square Garden has some cache, so I would think they’ll do some variation of that.

      • Clancy3434

        i’d say odds on favorite is some corporate sponsorship, with something Sands related coming in as the second most likely option.

  • Troy Swezey

    “… and that means escalating prices for talent. ” which is a bummer as ticket prices in Las Vegas are already higher than much of the rest of the country. For example, a noticed a couple years ago Avril Levine played MGM and ticket prices were $75 but a couple days later in Omaha they were $35

  • Troy Swezey

    What is the total number of venues where ‘big names’ play? And then this could be broken down to large and smaller venues like the Pearl with its’ 2,500 capacity.
    MGM, Mandalay, UNLV, Sam Boyd, TMobile and now this place and wasn’t there talk about another place behind P-Ho?
    Then smaller venues: House of Blues and the beach at Mandalay, Pearl, Chelsea, P-Ho, Hard Rock Cafe (X2), Venetian… Oh my head hurts too much to complete this list.

    • Five have 10k capacity or more (or will, as Sands venue will be the fifth).

  • William Wingo

    I wonder it they’ll charge for parking…

    • They will, pretty much a sure thing in two years that everyone on the Strip will.

      • William Wingo

        It was a rhetorical question.

  • Alex

    “The venue is expected to give the 20,000-capacity T-Mobile Arena and 16,800-seat MGM Grand Garden Arena a run for their
    money.”
    There’s also the 12,000-seat Mandalay Bay Events Center.

  • Bouldersteve

    The group are behind this are big time concert promoters who have a good track record. They remodeled the Forum in LA which was the home of the Lakers and the Kings before they moved Staples. Its is now a successful music only venue with great acoustics.

  • narsfweasels

    This truly sounds like it will be the redfinition of redfining the redefined music experience in this redefined era.

    *cough*

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