by Michael J. Shapiro | July 01, 2017
The board of directors of the Las Vegas Convention and Visitors Authority has given its final approval for the $1.4 billion expansion and renovation of the Las Vegas Convention Center. The project "will ensure that the LVCVA continues to provide the world-class facility and experience our clients expect when they come to Las Vegas," said Rossi Ralenkotter, president and CEO of the bureau.

Work already has begun with the demolition of the Riviera Hotel and Casino and the construction of a new outdoor exhibit space on the site. Phase one, to finish by 2021, will result in a 1.4 million-square-foot expansion of the center, with 600,000 square feet of new exhibit space as well as new meeting rooms and support space.

Phase two, which will involve a complete renovation of the existing 3.2 million-square-foot building, should be finished by 2023. No business will be displaced throughout the construction and renovation project.

An 0.5 percent increase in Clark County's room tax went into effect early this year to fund the project, bringing the occupancy tax to 12.5 percent.