LV Convention Ctr Expansion to Benefit Trade Shows

LAS VEGAS, NV, USA - As the No. 1 trade show destination in North America for a record 20 consecutive years, Las Vegas is looking to maintain its position while capitalizing on the positive industry growth trends through the development of the Las Vegas Global Business District (LVGBD).

According to a study by Trade Show Executive Magazine, the trade show industry is expecting continued growth in key areas, including net square feet leased, number of exhibitors and number of attendees. Many of Las Vegas’ largest shows, including the International CES®, have indicated a desire to expand. To meet those growth needs, the Las Vegas Convention and Visitors Authority has announced details of the need and scope of the expansion and renovation the Las Vegas Convention Center, a designated World Trade Center site.

According to the LVGBD feasibility study by Cordell Corporation, the $2.3 billion project would include an expansion of the total footprint of the convention center. Plans include the addition of 750,000 square feet in exhibit space and 187,000 square feet of supporting meeting space. The existing facility will also see major renovations and the addition of a 100,000-square-foot general session space and another 100,000 square feet in new meeting space. Once complete, the LVGBD would encompass nearly 5.7 million square feet.

In addition to the convention center expansion and renovation, the LVGBD is a visionary project that includes developing a district concept in the neighborhoods surrounding the center. The district will provide a distinct look and feel to the area and provide the opportunity for economic development related to the industry, including the development of a global business center that utilizes the facility’s World Trade Center designation to attract corporations wanting to interact with the tens of thousands of businesses who visit the convention center each year.

The Las Vegas Convention Center hosts approximately 1.2 million convention delegates each year. Those visitors and the conventions they attend support 14,000 local jobs, sustain $530 million in wages and generate an annual economic impact of $1.7 billion. The expansion project could lead to an additional 480,000 new attendees as current conventions grow and new conventions are held in Las Vegas.

Once construction begins, the entire project is expected to take 5-8 years to complete.

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