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MSG Sphere expected to cost more than $1 billion to build

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A new state-of-the-art venue, MSG Sphere, is coming to the Las Vegas Strip area and the cost is raising some eyebrows.

It will cost between $1.2 and $1.7 billion. The 18,000-seat arena will have a huge wraparound LED screen and immersive audience technology.

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It is expected to open in 2021.