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The coming-out celebration for the monorail, on behalf of Bally's, included showgirls and men from Bally's well known program,, helping groups to the monorail. Characters from The Wizard of Oz welcomed the groups on the MGM side. The track was later on updated to become the southernmost section of the Las Vegas Monorail.

In May 1996, MGM Grand Inc. revealed a 30-month, four-phase restoration of the resort that would cost more than $250 million. The project would consist of changing the property's lion entryway with a six-story gold lion structure.  Need More Info?  was to begin in June 1996, and would focus on the resort's restaurant, food court and arcade location, with the addition of several brand-new dining establishments.

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Other changes would include a 300,000 sq feet (28,000 m2) convention center, to be built at an expense of $60 million; a $60 million retail and entertainment complex, consisting of style dining establishments and clubs, to be developed nearby to the amusement park; a brand-new entryway, to be constructed along Koval Lane at an expense of $5 million, arranged to begin in mid-1997; a $30 million remodelling of 52 suites on the penthouse level; and $11 million to update parts of the casino.

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Other changes would consist of a $15 million renovation of the resort's Emerald City entertainment location, and an extra 2,000 parking areas to be included at a cost of $13 million, for a brand-new total of 11,000 spaces. Terrence Lanni, the chairman of MGM Grand Inc., stated he wanted consumers to "feel like guests concerning a best of among the world's greatest films.

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A statue of Leo, the MGM lion Demolition of the lion entrance began on May 13, 1997, and was anticipated to take two weeks, while the $250 million renovation job was anticipated to be completed by late 1998. The new exterior was expected to cost $40 million to construct. In November 1997, the property set up 18 marketing and home entertainment LED screens, consisting of 15 outside the resort.

Assembly of the 100,000-pound statue was expected to be ended up later on that month. The statue weighs 50 tons, and at 45 feet (14 m) tall, on a 25-foot pedestal, is the biggest bronze statue in the U.S. The new exterior likewise consisted of 11 statues of winged Atlas-like men holding 16-foot size bowls.