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Report: Construction of Britney's Vegas Venue Will Cost $20 Million

Image courtesy of Facebook.com/BritneySpears (via ABC News Radio)
Image courtesy of Facebook.com/BritneySpears (via ABC News Radio)

Construction is underway for the venue where Britney Spears is expected to launch her much-discussed Las Vegas residency.

Robin Leach of the Las Vegas Sun reports that construction workers were expected this week to “start planning”  the transformation of Planet Hollywood’s PH Live theater into a 45-hundred-seat venue for Britney. PH Live currently has 74 hundred seats.

The cost of demolishing and then rebuilding the theater will reportedly reach nearly 20 million dollars.

Leach has reported in the past that the goal is for Britney to begin her residency during the last week of December. According to TMZ , Brit is planning a "cool, hip club-like show" for fans. The website also mentions that Brit will make appearances at pool parties and at the Planet Hollywood nightclub as part of her deal.

Copyright 2013 ABC News Radio