Construction has resumed at the site of the MSG Sphere on the Las Vegas Strip.
MSG Entertainment officials made the announcement during a quarterly earnings conference call Friday.
The company announced in March that work on the 17,500-seat entertainment venue had paused. The work stoppage was blamed on “widespread global effects” caused by the COVID-19 pandemic.
Once scheduled to open in 2021, the company now says the project will finish sometime in 2023.
“We remain committed to bringing this state-of-the-art venue to Las Vegas, but given the impact of the pandemic on our company, we are going to proceed at a more measured pace,” said Andy Lustgarten, president of MSG Entertainment, in a statement.
The slower pace of work, the company said Friday, will allow it to “better preserve cash in the near term” as it continues to deal with challenges posed by the pandemic.
The construction site, adjacent to the Venetian, sits on 18 acres on Sands Avenue between Manhattan Street and Koval Lane.