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LVCVA sets convention center groundbreaking ceremony date5 January 2018(PRESS RELEASE) -- The Las Vegas Convention and Visitors Authority will hold a ceremonial groundbreaking to celebrate the beginning of the Las Vegas Convention Center District (LVCCD)'s Phase Two expansion. The project will secure Las Vegas as the world's premier business destination for decades to come. The LVCCD Phase Two, $860 million expansion project will add 1.4 million square feet to the current facility, including at least 600,000 square feet of new, leasable exhibit space. The expansion is slated for completion in time to welcome CES in 2021. In 2016, Las Vegas hosted nearly 22,000 meetings, conventions and trade shows, which directly supported an estimated 54,800 jobs paying $2.3 billion in wages and salaries. The Las Vegas Convention Center hosted 22% of convention attendees traveling to southern Nevada, which directly supported approximately 11,800 jobs, paying $495 million in wages and salaries. Including indirect and induced impacts, the Las Vegas Convention Center's attendees generated $2.7 billion in economic impact throughout the local economy. The expansion 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. |