Nevada Gov. Brian Sandoval has signed a bill that promises to provide $400 million toward the whopping $1.4 billion multi-year expansion of the Las Vegas Convention Center.
Most attention on the bill has focused on its funding for a $1.9 billion, 65,000-seat domed stadium that could lead to the relocation of the National Football League’s Oakland Raiders to Las Vegas. The image at right was tweeted on the Twitter feed of Clark County, Nev.: “It’s official! @GovSandoval signs legislation for #Raiders & @UNLVFootball stadium & #MoreCops.”
The National Association of Broadcasters and the Consumer Technology Association are among the groups that supported the LVCC expansion plans. The NAB told Radio World last week the expansion and renovation of the LVCC would support growth of the annual spring NAB Show. CTA’s CES show is held every January and is one the city’s largest meetings.
Monday’s signing sets in place an increase in the Clark County hotel room tax that will help pay for the LVCC’s expansion and net an additional 1.4 million square feet of exhibit and meeting space. The project will be completed in several phases of construction and renovation.
The LVCC generated $2.1 billion in economic impact from trade shows in 2015, according to the Las Vegas Convention and Visitors Authority, which operates the center. The convention center expansion project could bring as many as 69 more trade shows to the city over a 10-year period, according to the authority.