History was made this week as Nevada’s Governor Brian Sandoval signed into law the Senate Bill 1 and Assembly Bill 1 at UNLV. In attendance were local elected officials, leaders from the gaming industry, representatives from the Oakland Raiders NFL team, UNLV students and administration, Las Vegas Convention and Visitors Authority (LVCVA)’s president/CEO Rossi Ralenkotter, and other leaders in the community. The bills were passed to enhance Southern Nevada’s tourism infrastructure as a result of last week’s Special Session of the Nevada Legislature. These bills will allow the expansion and renovation of the Las Vegas Convention Center (LVCC) and the development of a domed football stadium to move forward. Together, these projects will propel Southern Nevada onto the national stage, while creating jobs and boosting the economy.
The Las Vegas Convention Center District (LVCCD) is a $1.4 billion project which will add 600,000 square feet of new meeting space and secure Las Vegas’ position as the world’s premier business destination. The legislation calls for a 0.5 percentage point increase in Clark County’s room tax to help fund the LVCCD and a 0.88 percentage point room tax increase for the $1.9 billion, 65,000-seat stadium which may potentially house a professional football team as well as UNLV’s team and special events. The projects are expected to create more than 14,000 jobs and pump $1.4 billion into the local economy. The LVCCD will allow the LVCVA to pursue new business opportunities while also growing the shows currently taking place in the destination.
Las Vegas as a Business Destination
- Las Vegas hosted nearly 22,000 meetings, conventions and trade shows in 2015.
- The destination boasts more than 11 million square feet of meeting space in addition to a wide array of event, dining and entertainment venues that are also used for group business.
- Trade Show News Network recently recognized Las Vegas as the No. 1 trade show destination in the country for the 22nd consecutive year for hosting 54 of the top 250 largest trade shows in North America.
- The LVCC hosts 22 percent of all convention attendees traveling to Southern Nevada.
- The facility directly supports 9,400 local jobs and $379 million in local wages and salaries.
- The LVCC hosted 49 events in 2015 with a combined attendance of 1.3 million people. These visitors generated $2.1 billion in total economic output in 2015.
We thank you for your continued support for the Host Committee, Las Vegas’ tourism and our business communities. We look forward to our work together on this next chapter in our history.