LVCVA to Buy Real Estate for Almost $50M

June 12, 2018
LVCVA Convention Center.

Rendering of the new LVCVA Convention Center.

Las Vegas’ tourism agency plans to buy and bulldoze a run-down retail center and a decades-old apartment complex off the north Strip, reports the Las Vegas Review Journal.

The Las Vegas Convention and Visitors Authority’s board of directors is scheduled to vote Tuesday on whether to purchase Somerset Shopping Center, the Somerset Gardens apartment complex next door, and two nearby vacant lots for $49.8 million.

The properties, spanning 8.3 acres total, are on or just off Convention Center Drive and a short walk from the Las Vegas Convention Center.

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