Riviera Hotel to be Demolished for Las Vegas Convention Center Expansion
February 19, 2015
The Las Vegas Convention and Visitors Authority on February 17 scheduled a special board meeting for February 20 to consider acquisition of the 60-year-old Riviera resort located on the Las Vegas Strip for $182.5 million, which includes up to $8.5 million in transaction-related expenses, according to the Las Vegas Review-Journal.
If approved, the Riviera would close in mid-August and be demolished to make way for a portion of the $2.3 billion Las Vegas Global Business District, a major expansion of the Las Vegas Convention Center to include new and upgraded facilities, a trade center and a multimodal transportation hub.