AEG, the Los Angeles-based powerhouse entertainment and arena company, and MGM Resorts, which owns 10 Strip casino-hotels, have joined forces to build the sports and entertainment venue without public money on 12 acres between New York-New York and Frank Sinatra Drive. MGM will demolish two temporary office buildings on the site that are left over from the CityCenter project.

Groundbreaking is expected in April or May with a projected opening 22 months later, in spring 2016, said Tim Romani, president and chief executive of Denver-based ICON Venue Group, the project manager.

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