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Las Vegas Convention Center expansion approved

Las Vegas Convention Center expansion approved
Posted at 5:49 PM, Jun 13, 2017
and last updated 2017-06-13 20:49:52-04

The Las Vegas Convention and Visitors Authority's Board of Directors gave final approval for the expansion and renovation of the Las Vegas Convention Center.

Prior to being presented to the full LVCVA Board, the plan recently met the approval of both the Oversight Panel for Convention Centers in Clark County and the Las Vegas Convention Center District Committee, a sub-committee of the LVCVA Board of Directors.

LVCVA staff worked in partnership with Cordell Corporation principal Terry Miller, the agency’s contracted builder representative, to develop the vision for the expansion and renovation project.

Nevada State legislators and Nevada Governor Brian Sandoval approved a bill during a 2016 special legislative session paving the way for development of the Las Vegas Convention Center District. The $1.4 billion project will add 600,000 square feet of new meeting space ensuring Las Vegas remains the No. 1 trade show destination for decades to come.

The legislation established a 0.5 percentage point increase in Clark County’s room tax to help fund the Las Vegas Convention Center District. The legislative session followed a 14-month vetting process by the Southern Nevada Tourism Infrastructure Committee, a group created by Governor Sandoval to review several projects critical to the future of Southern Nevada.

The convention center expansion and renovation is expected to support nearly 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion. The project will generate an additional $1.4 billion into the economy during construction and have an annual incremental economic impact of $810 million while attracting one million additional visitors each year.

The LVCCD expansion and renovation will be completed in a phased approach with a projected completion date of 2023. Phase 1 will be the construction of the new 1.4 million-square-foot expansion with 600,000 square feet of exhibit space and the accompanying meeting rooms and support space. This phase is projected to be complete by 2021.

The second phase will be the complete renovation of the existing 3.2 million-square-foot facility. The phased approach will ensure that no business will be displaced during the construction and renovation.