MGM, AEG to develop 20K seat Las Vegas Strip arena

The New York-New York hotel-casino, left, is seen from the Monte Carlo parking garage west of The Strip Tuesday, June 18, 2013, in Las Vegas. Casino giant MGM Resorts International and entertainment company AEG announced Tuesday, June 18, 2013 that they've inked a deal to build a 20,000-seat Las Vegas Strip arena. Groundbreaking for the $350 million arena, in an area from Las Vegas Boulevard to Frank Sinatra Drive between the New York-New York and Monte Carlo resorts, is expected next summer, with completion by spring 2016. (AP Photo/Julie Jacobson)

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MGM, AEG to deve... The New York-New York hotel-casino, left, is seen from the Monte Carlo parking garage west of The Strip Tuesday, June 18, 2013, in Las Vegas. Casino giant MGM Resorts International and entertainment company AEG announced Tuesday, June 18, 2013 that they've inked a deal to build a 20,000-seat Las Vegas Strip arena. Groundbreaking for the $350 million arena, in an area from Las Vegas Boulevard to Frank Sinatra Drive between the New York-New York and Monte Carlo resorts, is expected next summer, with completion by spring 2016. (AP Photo/Julie Jacobson)
Chef describes J... FILE - This Jan. 27, 2012 file photo shows, from left, Blanket Jackson, Paris Jackson, and Prince Michael Jackson at the opening night of the Michael Jackson The Immortal World Tour in Los Angeles. Michael Jackson's personal chef, Kai Chase, testified on Tuesday, June 18, 2013, about the home lives of the singer's children including an 11th birthday party that she says was Paris Jackson's last birthday celebration. Chase is testifying in a negligent hiring lawsuit filed by Jackson's mother against AEG Live LLC, claiming the company failed to properly investigate the doctor convicted of causing her son's 2009 death. (AP Photo/Dan Steinberg, file)
Burberry showcas... A model wears a creation by Burberry during London Men's spring summer fashion collections 2014, in London, Tuesday, June 18, 2013. (Photo by Joel Ryan/Invision/AP)
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James Franco see... FILE - This March 14, 2013 file photo shows actor James Franco at the LA premiere of "Spring Breakers" at the ArcLight Hollywood in Los Angeles. Franco is seeking to raise $500,000 to bankroll a trilogy of movies. Franco on launched a campaign, Monday, June 17, on IndieGogo, a crowd-funding site that allows people to keep the money they raise, even if the project doesn't come to fruition. Franco isn't trying to direct the films, but to raise money so that a collection of young filmmakers can adapt his 2011 short story collection, “Palo Alto.” (Photo by Jordan Strauss/Invision/AP)
Diving great Gre... FILE - In this Oct. 27, 2011 file photo, former Olympic diving champion Greg Louganis arrives at amfAR's Inspiration Gala in Los Angeles. Louganis plans to get married this fall. People magazine says the 53-year-old Louganis will marry paralegal Johnny Chaillot. (AP Photo/Matt Sayles, File)
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Saatchi admits a... FILE - In this Tuesday, Oct. 9, 2012 file photo, English food writer, journalist and broadcaster, Nigella Lawson poses during the 28th MIPCOM (International Film and Programme Market for Tv, Video,Cable and Satellite) in Cannes, southeastern France. British police say they are investigating after a newspaper published photos of Nigella Lawson's husband Charles Saatchi with his hands around the celebrity chef's throat. The Sunday People newspaper ran pictures of what it said was the couple's violent argument at a London restaurant on June 9, 2013. (AP Photo/Lionel Cironneau, File)
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Jenner: Kim Kard... FILE - In this Oct. 4, 2012 file photo, television personality Kim Kardashian poses for photographers at the red carpet during the 40th anniversary of Cosmopolitan magazine in Spanish in Mexico City. Kardashian reportedly gave birth to a baby girl in Los Angeles. (AP Photo/Marco Ugarte, File)
Second City co-f... This 2001 photo provided by The Second City shows Bernard Sahlins, the co-founder of Chicago's Second City theater. Sahlins, who nurtured the early careers of many of the earliest stars of "Saturday Night Live," died Sunday, June 16, 2013. He was 90. Sahlins and business partners Howard Alk and Paul Sills opened The Second City in December 1959, and it quickly gained national attention and helped establish Chicago as a vibrant comedy town. (AP Photo/'Courtesy The Second City, Thomas Englund)
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Tony Awards spur... FILE - This June 9, 2013 file photo shows Patina Miller accepting her Tony Award for best actress in a musical for her role in "Pippin" at the 67th Annual Tony Awards in New York. There were smiles at many Broadway box offices last week as a big financial bounce followed the Tony Awards, with the biggest winners being “Pippin,” “Matilda the Musical” and “Motown the Musical.” Data from The Broadway League on Monday, June 17, 2013, shows exposure and statuettes on the June 9 show helped many shows have their most profitable weeks ever and break some individual theater records. (Photo by Evan Agostini/Invision/AP, File)
Ex-NFL star Chad... FILE - In this Aug. 12, 2012 file photo, Chad Johnson, center, leaves Broward County Jail in Fort Lauderdale, Fla. A contrite Johnson apologized Monday, June 17, 2013, for disrespecting a judge when the former NFL star slapped his attorney on the backside in court a week earlier, and his immediate release from jail was ordered. (Photo by Jeff Daly/Invision/AP, File)