The Las Vegas Convention and Visitors Authority (LVCVA) and local leaders gathered to celebrate the historic ceremonial groundbreaking for the Las Vegas Convention Center District (LVCCD) Phase Two Expansion project.
“This is an incredibly exciting milestone for the entire destination, as this expansion will allow us to not only retain our status as the No. 1 convention city, but ensure our economic future by continuing to provide the unparalleled experience our guests and clients have come to expect,” said Rossi Ralenkotter, LVCVA President and CEO.
The LVCCD’s Phase Two is an $860 million expansion project that will add 1.4 million sf to the current convention center facility, including at least 600,000 sf of new, leasable exhibit space. The expansion is slated for completion in time to welcome CES in 2021. Last month, the LVCVA’s Board of Directors finalized the selection of tvsdesign/Design Las Vegas to provide design services for the expansion project.
Phase Three will be the complete renovation of the existing 3.2 million-sf facility, with a projected completion date of 2023. The phased approach will ensure that no business will be displaced during the construction and renovation.
The LVCC District Expansion (Phase Two) and Renovation (Phase Three) are expected to support nearly 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion. The project will generate an additional $2.1 billion in economic activity during construction and upon completion will have an annual incremental economic impact of $810 million while attracting more than 600,000 additional visitors each year.
Overall, the tourism industry continues to be crucial to Southern Nevada’s economy generating $60 billion in total economic impact, supporting 407,000 jobs and $16.9 billion in local wages and salaries. These jobs represent 44-percent of Southern Nevada’s total workforce.
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