The new venue is amazing, I have yet to be inside however the construction is done and events are already being held. Construction is now pretty much at a minimum around that area as the Football stadium is done as is the bookstore, shops and dorms.
Check out some awesome yet a little older pics of the new venue
The old arena is still standing right next to it, so if I had to guess the pits could be in the old arena as its about ~10-~20 feet away from the new one. This opens an opportunity for a lot more teams to attend. I'm definitely excited for the upcoming season the "new" Central Florida regional!