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LVCVA plans to buy Riviera as part of 2.5M sq ft expansion | News

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LVCVA plans to buy Riviera as part of 2.5M sq ft expansion
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LAS VEGAS — The Las Vegas Convention and Visitors Authority announced Tuesday its plans to buy the Riviera Hotel & Casino and present the plans to its Board of Directors in a special meeting on Friday.

The move to purchase the Riviera was first reported by 8 News NOW last week.

LVCVA officials want to spend as much as $191 million to buy the Strip property.

The two-phase project would take anywhere between 5 to 8 years to complete and would create the $2.3 billion Las Vegas Global Business District, a news release said.

LVCVA says it's the largest project of its kind since the convention center was built in the 1950s.

The first phase would include 750,000 square feet of new exhibit space and an additional 187,500 square feet of supporting meeting space. The second phase would include a remodel of the existing convention center "and includes 100,000 square feet general session space and another 100,000 square feet of meeting space," a release said.

Once complete, the expansion and renovation would expand from 3.2 million square feet to nearly 5.7 million square feet.

More than 6,000 construction jobs are expected to be created for the project, while also bringing a permanent job force of 6,000 once completed. 

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