Monday, January 26, 2015

382: Arena Funding

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  2. from

    "The Maloof family, which owns a small interest in the Palms and owned the NBA Sacramento Kings from 1998-2013, is part of an ownership group seeking to bring a National Hockey League expansion franchise to the new arena being built by MGM Resorts International and AEG on the Strip.

    The family is partnering with businessman William Foley on the NHL deal. The Maloofs were unavailable for comment Wednesday.

    MGM Resorts and Anschutz Entertainment Group (AEG) are building the $375 million, 20,000-seat arena behind the New York-New York hotel-casino and near the front of the Monte Carlo. The arena, scheduled to open in spring 2016, is being built to NHL and NBA specifications.

    AEG owns the Los Angeles Kings and the team’s arena, the Staples Center in downtown Los Angeles."