In a special legislative session, Nevada’s General Assembly approved a bill that supports a project to expand the Las Vegas Convention Center. The project will add 600,000 square feet of new meeting space to the Las Vegas Convention Center, and develop a 65,000-seat football stadium that can be used for special events, as well as house the University of Nevada, Las Vegas, football team, and a potential professional football franchise.
According to the Las Vegas Convention and Visitors Authority, funding for the convention center district development will include a 0.5 percent increase in Clark County’s room tax; an additional 0.88 percent room tax increase would support the stadium development.
“Our destination thrives on evolution and reinvention and we commend the bold decision by the Nevada Legislature and Governor Sandoval to approve these two monumental projects that position our destination to remain a leading tourism destination for decades to come,” said Rossi Ralenkotter, LVCVA president and CEO.
LVCVA anticipates that the combined developments will create more than 14,000 jobs, attract a million additional visitors, and add $1.4 billion to the local economy.
Gary Shapiro, president and CEO of the Consumer Technology Association, said of the development, “As owner and producer of CES, which draws more than 165,000 attendees to Las Vegas every January, the renovation and expansion of the LVCC is paramount. It is critical for the continued growth and future of our show in Las Vegas and the many benefits CES contributes to the local economy and community at large. CES currently uses more than 2.4 million net square feet of exhibit space, occupying most of the convention space available in Las Vegas. Our show reflects and drives the expansion of technology as a core part of almost every major global industry. As our industry grows, so does our need for more exhibition space and more modern and tech-friendly facilities.”
Nevada’s legislators also voted for a separate bill that would allow the Clark County Commission to raise its sales taxes to support additional police resource