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LVCVA – Las Vegas Global Business District – Nevada - Project Profile

LVCVA – Las Vegas Global Business District – Nevada - Project Profile

Synopsis

"LVCVA – Las Vegas Global Business District – Nevada - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "LVCVA – Las Vegas Global Business District – Nevada - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Las Vegas Convention and Visitors Authority (LVCVA) is planning to undertake the construction of a Global Business District in Nevada, the US.

The project involves the renovation and expansion of the Las Vegas Convention Center and the surrounding area from 297,289m2 area to 529,547m2 area. It is being developed in two phases. It also includes construction of a centralized transportation hub.

The first phase includes the construction of 55,742m2 of the new exhibit hall and 17,419m2 of supporting meeting space, 3,100 parking spaces, 1,800 amps of power in four locations on the parking/outdoor exhibit space, telecommunications and property-wide surveillance capabilities.

The second phase includes the renovation of existing convention center and the construction of a 9,290m2 general session space and 9,290m2 meeting space including public areas and service areas.

On July 9, 2013, LVCVA approved a five-year labor agreement to move forward with plans to create a Global Business District during its monthly meeting.

LVCVA Board members unanimously approved issuing up to US$218.5 million in general obligation indebtedness through bonds with funds to repay the amount will come from revenue streams generated by room taxes and use of the Las Vegas Convention Center and other properties controlled by the LVCVA.

Martin-Harris Construction has been appointed as demolition contractor and US$1.28 million PMC contract awarded to Cordell Corporation for the project.

In July 2013, demolition begun on several former apartment buildings located on parcels intended to improve the move-in and move out for tradeshows and events.

In January 2014, the Clark County commissioners approved issuing US$50 million in bonds for the project development.

On February 20, 2015, LVCVA voted to approve the purchase of Riviera Hotel & Casino's site on 10.5ha of land with a value of US$182.5 million.

As of July 2015, LVCVA has purchased the Riviera Hotel & Casino's site required for the project.

In August 2015, LVCVA approved US$42 million to demolish the Riviera.

On October 22, 2015, LVCVA submitted the plan formally to the governor's Southern Nevada Tourism Infrastructure Committee and the Committee is not scheduled to make its recommendations.

On April 12, 2016, at its public meeting, the LVCVA approved the award of a contract to W.A. Richardson Builders LLC for the Riviera Hotel Demolition and Site Improvements Project.

In October 2016, the Nevada State Legislature approved legislation to help fund the expansion and renovation of the Las Vegas Convention Center.

On December 13, 2016, the LVCVA approved the first phase of the project and extended eight months for Cordell Corp. to design an exhibit hall.

On January 4, 2017, the LVCVA announced the Diamond Lot as its new parking and outdoor exhibition space on the former Riviera Hotel & Casino site.

Demolition of the Riviera site and converting the space into a parking lot and outdoor exhibit space has been completed.

Construction works are expected to commence in the third quarter of 2018 and expected for completion by 2023.

Scope

The project involves the renovation and expansion of the Las Vegas Convention Center and the surrounding area from 297,289m2 area to 529,547m2 area in Las Vegas, Nevada, the US.

The US$1,400 million project includes the following:

1. Construction of 55,742m2 new exhibit hall in the first phase

2. Construction of 17,419m2 supporting meeting space in the first phase

3. Renovation of existing convention center in the second phase

4. Construction of 9,290m2 general session space and 9,290m2 meeting space in the second phase

5. Construction of a centralized transportation hub

6. Construction of 3,100 parking space

7. Construction of related infrastructureReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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