Construction on phase 2 expansion of Las Vegas Convention Center is set to begin with the Las Vegas Convention and Visitors Authority (LVCVA) board approving the guaranteed maximum price (GMP) agreement.
The LVCVA board has granted approval for the construction manager at risk contract of $792m, which includes a GMP of $758m. Additional costs related to construction, design and consulting is expected to bring the overall project cost for the Phase 2 expansion to $935m.
LVCVA staff, Cordell Corporation, the agency’s contracted owner’s representative and the project’s construction manager at risk, Turner Martin-Harris, negotiated the GMP.
Construction is expected to begin shortly and the expansion is slated for completion in time for CES in 2021.
LVCVA CEO Steve Hill said: “We’ve been the No 1 trade show destination in North America for 24 consecutive years, but we must continue to be innovative and upgrade our offerings if we’re going to maintain that top spot.
“This expansion and renovation is our commitment to our clients and our community to foster growth and continue to deliver the excellent service and amenities that have made Las Vegas the world’s premier destination.”
The Phase 2 expansion project will feature new design, latest technology and contemporary meeting and working spaces. It will add 1.4 million ft² to the current convention centre facility, including 600,000ft² of new, leasable exhibit space.
In 2017, the LVCVA’s board selected tvsdesign/Design Las Vegas to provide design services for the expansion.
Under Phase 3, renovation of the existing 3.2 million ft² facility will be taken up, which is expected to be completed in 2023.
LVCVA staff members have worked in partnership with Cordell to develop the vision for the expansion and renovation project.
The LVCC District Expansion (Phase 2) and Renovation (Phase 3) are expected to create nearly 14,000 construction jobs and more than 7,800 full-time permanent jobs after completion.
The project is also expected to generate an additional $2.1bn in economic activity during construction, have an annual incremental economic impact of $810m after completion, and attract over 600,000 additional visitors each year.
The project will allow the Las Vegas Convention and Visitors Authority to pursue new business opportunities while also growing the shows currently taking place in the destination.
Image: Main lobby from Convention Center drive. Photo: courtesy of Las Vegas Convention and Visitors Authority.