Convention Center Officials Unveil $2.5B Makeover Plan
By Alex Girda, Associate Editor
The Las Vegas Convention and Visitors Authority Board of Directors has revealed a $2.5 billion plan to transform the Las Vegas Convention Center and the area around it into a vibrant business hub. Dubbed the Las Vegas Global Business District, the revamped area would include a new World Trade Center facility and a multimodal transportation center as well as an overhaul of the convention center complex itself.
The project would amount to the biggest makeover in years for the 54-year-old facility, which provides nearly one-quarter of Las Vegas’ 10.6 million square feet of meeting space. In 2011, the city’s meeting and convention business generated an estimated $6.3 billion in economic activity.
During the next two years, the agency will identify financing, develop a detailed plan for the program, acquire parcels for redevelopment and start the $150-million first phase of the renovation.
When complete, the convention center upgrade will provide a new entrance on Joe W. Brown Drive, improved meeting and exhibit space, technological upgrades, a grand concourse eonnector with more lobby space and new food concessions.
Image courtesy of The Las Vegas Convention and Visitors Authority at lvcva.comTags: Development, economy, Policy