Las Vegas Convention Center Focal Point of $2.5 Billion Development Project
February 25, 2013
Major improvements are in the works for the Las Vegas Convention Center, some starting in the next few months. The Las Vegas Convention and Visitors Authority Board of Directors unanimously approved the first phase for the $2.5 billion development of the Las Vegas Global Business District that will include an improved campus of the Las Vegas Convention Center, a World Trade Center building and a multimodal transportation hub.
“We’ve been the No. 1 trade show destination for the past 18 years and intent to stay that way, but we need to move forward to do that,” said LVCVA President and CEO Rossi Ralenkotter.
He added, “A lot has changed for Las Vegas, and we need to make some bold moves. It’s not just about the destination. It’s about the customer experience.”
During the first phase of this eight- to 10-year project, LVCVA plans to enter into the RFQ process for the Las Vegas Business District, as well as to work on improvements to the existing space at the LVCC, finalize the budget and look into potential land acquisitions.
For the 54-year-old Las Vegas Convention Center, the first phase includes renovating meeting space, technology upgrades, general session and press facilities and new food and beverage points of sale.
To accommodate collocating shows, it is proposed to create a new public entrance from Joe Brown Drive. A little further down the line, are additional exhibit space, a grand concourse that connects all three buildings and new architectural elements that would bring the iconic Vegas feel to the convention center campus.
In 2011, LVCC received an official World Trade Center site designation through an agreement with the Consumer Electronics Association.
The second phase of LVCVA’s project calls for leveraging this designation to build a dedicated World Trade Center facility that would serve as a base of operations for Fortune 500 companies that already participate in such trade centers around the world, as well as attract other global businesses.
The third key element is the creation of a centralized transportation hub that would improve passenger flow among the resorts, effectively connecting LVCC to trade show and convention facilities at the Sands Expo & Convention Center and Mandalay Bay Convention Center.
LVCVA is working with local transportation stakeholders, including the Monorail, Regional Transportation Commission, taxi companies’ representatives and others to come up with a long-term strategy.
The LVCVA plans to issue up to $150 million of commercial paper to fund phase-one elements.
Las Vegas currently features more than 10.6 million square feet of exhibit and convention space, with the Las Vegas Convention Center offering about 2.2 million. Las Vegas is projected to welcome 40-plus million visitors in 2013.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
Add new comment