Financing the expansion : LVCVA sells land
Financing the expansion

LVCVA sells land

PHOTO:© LVCVA

The Las Vegas Convention and Visitors Authority (LVCVA) is selling a ten-acre parcel of land located at Las Vegas Boulevard and Elvis Presley Boulevard for $120 million to CB Investment SpA.


Proceeds from the sale of the land will be used for Las Vegas Convention Center (LVCC) capital projects, primarily the initiation of the Las Vegas Convention Center District Phase 3 renovation of the pre-expansion 3.2 million square foot campus.
Development Timeline
  • 1993 The LVCVA purchased the 20-acre Landmark Hotel site
  • 2015 The LVCVA acquired the 26-acre Riviera Hotel site
  • 2018 The LVCVA acquired an 8.3-acre parcel of land from the estate of Irwin Kishner and 1.34 acres of land that was controlled by the Siegel acquisition located off Convention Center Drive
  • 2019 The LVCVA executed a sales listing agreement with CBRE Group, Inc. for the sale of the ten acres of land located at Las Vegas Boulevard and Elvis Presley Boulevard
The LVCVA's land acquisitions on the Las Vegas Strip date back to 1993, when it purchased the 20-acre Landmark Hotel site. The adjacent 26-acre Riviera Hotel site was purchased in 2015. Additional acquisitions in 2018 and 2019 resulted in an additional 9.6 acres, paving the way for the Las Vegas Convention Center's $1 billion West Hall expansion, which debuted in June 2021.

https://press.lvcva.com/news-releases

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