Las Vegas, NV – The design, timeline and budget for the first full-facility makeover of the nearly 50-year old Las Vegas Convention Center was approved on May 8th by the board of directors of the Las Vegas Convention & Visitors Authority (LVCVA). The $890 million project is expected to be completed for the most part by late 2010. Some meeting room renovation is scheduled for 2011.
The enhancement project will add a grand lobby that will tie the building’s three exhibit halls; add a meeting room concourse in the south hall to improve the facility’s ratio of meeting-to-exhibition space; upgrade the technology and electrical infrastructure; and improve signage and curb appeal. “This design improves the functionality, usability and life span of our building for decades to come,” said Rossi Ralenkotter, president & CEO of the LVCVA.
With the addition of a Las Vegas Metropolitan Police Substation and a Clark County Fire Station on the premises, the Las Vegas Convention Center will be the only facility in the country with those on-site amenities.
LVCVA Took Pre-Emptive Stand against Raising Room Tax
Although there are no immediate plans to raise the 9% room tax, the LVCVA took a pre-emptive stand during the board meeting, opposing any notion the Nevada Legislature might have about increasing the room tax to bolster the state budget or cutting out a larger slice for the general fund.
Nevada is in the home stretch of crafting a two-year budget of some $7 billion that is estimated to need more than $150 million in cuts. At the same time, Gov. Jim Gibbons has proposed reducing business taxes and taxes on banks as a means of stimulating the economy.
The state currently received 53% of room-tax collections for construction of schools, roads and parks. The remainder goes to fund the LVCVA.