The Madison Square Garden Sphere project has seen its costs rise dramatically since it was first announced back in February 2018. What initially began as a $1.2 billion partnership between the Madison Square Garden Company and Las Vegas Sands Corporation has now ballooned to a final cost of $2.3 billion, making it the most expensive entertainment venue in Las Vegas, eclipsing the $1.9 billion Allegiant Stadium.Â
The dazzling sphere-shaped arena, designed by Populous, was intended to feature the world’s largest LED screen in its interior. However, design enhancements, supply chain issues caused by the pandemic, and rampant inflation have repeatedly driven up the budget over the years. Despite the ballooning costs, MSG remains committed to the project, now partnering with Apollo Global Management following their acquisition of the neighboring Venetian resort in 2022. With a square footage of 875,000, the imposing building is the largest spherical edifice in the world.
Madison Square Garden Entertainment split into two companies in April 2023, with one of them, Sphere Entertainment Company, taking over ownership. The venue was renamed Sphere and opened its doors on September 29, 2023, with a special residency performance by the legendary rock band U2. Their residency, titled “U2:UV Achtung Baby Live at Sphere,” marked the band’s first live show since 2019. Sphere plans to host 4-6 music residencies each year. Sphere Entertainment also debuted its first feature film, Postcard From Earth, directed by Darren Aronofsky, at the venue on October 6, 2023. The new Sphere venue promises an exciting future of concerts, shows, and memorable cinematic experiences for the bustling city of Las Vegas.
Immerse yourself in the future of entertainment at The Sphere with its revolutionary audiovisual experience – reserve your seats now and be among the first to witness history!
