Construction of Las Vegas Convention Center Expansion to Begin Soon
Last week, the Las Vegas Convention and Visitors Authority Board of Directors gave the go-ahead for construction to begin Phase Two of the Las Vegas Convention Center District expansion.
“This is an incredibly important and exciting time, not just for the LVCVA but for the entire destination,” said Steve Hill, CEO of the LVCVA. “With today’s approval, we’re delighted to join a boom in development that’s on a scale that we haven’t seen in more than a decade.”
He continued, “We’ve been the No. 1 trade show destination in North America for 24 consecutive years, but we must continue to be innovative and upgrade our offerings if we’re going to maintain that top spot. This expansion and renovation is our commitment to our clients and our community to foster growth and continue to deliver the excellent service and amenities that have made Las Vegas the world’s premier destination.”
The LVCVA Board approved the construction manager at risk contract of $792 million, which includes a guaranteed maximum price (GMP) agreement of $758 million.
Additional costs related to construction, design and consulting could bring the overall project cost for the Phase Two expansion to an expected total of $935 million.
The GMP was negotiated by LVCVA staff, Cordell Corporation, the agency’s contracted owner’s representative and the project’s construction manager at risk, Turner Martin-Harris.
Although no exact date has been given, construction of the Phase Two expansion is expected to begin shortly and is slated for completion in time to welcome CES in 2021.
Featuring modern design, top-tier technology and contemporary meeting and working spaces, the LVCCD Phase Two expansion project will add 1.4 million square feet to the current convention facility, including at least 600,000 sq. ft. of new, leasable exhibit space, according to LVCVA officials.
Late last year, the LVCVA’s Board of Directors finalized the selection of tvsdesign / Design Las Vegas to provide design services for the expansion.
“The expansion and renovation of the Las Vegas Convention Center will take our ability to bring business to the destination to a new level by allowing us to welcome more shows, more exhibitors and more delegates,” said Lawrence Weekly, LVCVA chairman and Clark County Commissioner.
He added, “In addition to ensuring our economic future, this project will give us a cutting-edge facility with a dynamic design fit for one of the world’s most iconic cities.”
Phase Three will entail the complete renovation of the existing 3.2 million sq. ft. facility, with a projected completion date of 2023.
The phased approach ensures that no business will be displaced during the construction and renovation. LVCVA staff worked in partnership with Cordell Corporation, the agency’s contracted owner’s representative, to develop the vision for the expansion and renovation project.
According to LVCVA officials, the LVCC District Expansion (Phase Two) and Renovation (Phase Three) project will generate an additional $2.1 billion in economic activity during construction and upon completion, will have an annual incremental economic impact of $810 million while attracting more than 600,000 additional visitors each year.