The Agua Caliente Band of Cahuilla Indians, Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries and Live Nation Entertainment, the world’s leading live events company, have announced the official groundbreaking and start of construction on the New Arena at Agua Caliente in downtown Palm Springs, a new multi-purpose, state-of-the-art privately financed sports and entertainment arena in downtown Palm Springs.