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Extraction Summary

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People
7
Organizations
5
Locations
4
Events
0
Relationships
2
Quotes

Document Information

Type: Report page / briefing document
File Size: 1.94 MB
Summary

This document, page 30 of a report labeled 'HOUSE_OVERSIGHT_018772', details major convention space development in Las Vegas circa 2015. It describes the Las Vegas Convention and Visitors Authority's (LVCVA) $2.5 billion expansion project, which includes the acquisition of the Riviera hotel, projecting an increase of 500,000 annual visitors. The document's content is strictly focused on real estate development, economic growth, and tourism statistics in Las Vegas and contains no names, events, or information related to Jeffrey Epstein.

Organizations (7)

Name Type Context
Las Vegas Convention and Visitors Authority (LVCVA)
Acquired the former Riviera hotel for $182.5 million and is undertaking a $2.5 billion expansion of the Las Vegas Con...
Riviera hotel
Former hotel acquired by LVCVA in February 2015, planned for demolition to make way for convention center expansion.
Las Vegas Convention Center
Undergoing a $2.5 billion expansion to increase its capacity to 5.8 million square feet.
Las Vegas Global Business District
The new brand name for the expanded Las Vegas Convention Center.
Mandalay Bay
Location with 350,000 square feet of convention space under construction.
Genting Group's Resorts World
Location with 1,000,000 square feet of convention space under construction.
HOUSE_OVERSIGHT
Identifier in the document footer, likely referring to a government body such as the U.S. House Committee on Oversight.

Timeline (4 events)

2015-2016
Planned demolition of the former Riviera hotel.
Las Vegas
February 2015
The Las Vegas Convention and Visitors Authority (LVCVA) acquired the former Riviera hotel.
Las Vegas
Las Vegas Convention and Visitors Authority (LVCVA)
Ongoing (as of document date)
Las Vegas Convention Center expansion project, including Phase I and Phase II, to increase capacity and rebrand as the Las Vegas Global Business District.
Las Vegas Convention Center
Las Vegas Convention and Visitors Authority (LVCVA)
Ongoing (as of document date)
Construction of new convention space at Mandalay Bay (350,000 sq ft) and Genting Group's Resorts World (1,000,000 sq ft).
Las Vegas
Mandalay Bay Genting Group

Locations (5)

Location Context
The city where the convention space development is occurring.
A 23-acre property acquired by LVCVA for the convention center expansion.
The site of a major expansion project.
A resort in Las Vegas with ongoing convention space construction.
A resort in Las Vegas with ongoing convention space construction.

Key Quotes (2)

"The $2.5 billion convention center expansion will generate an increase in demand of 500,000 visitors per year"
Source
HOUSE_OVERSIGHT_018772.jpg
Quote #1
"5.2 million convention attendees in 2014 is the highest in 6 years and represents significant potential for growth"
Source
HOUSE_OVERSIGHT_018772.jpg
Quote #2

Full Extracted Text

Complete text extracted from the document (2,549 characters)

4 Million Square Feet of
Convention Space in Development
Indicative of the strong growth in convention demand, in February 2015 the Las Vegas Convention and Visitors Authority (LVCVA) acquired the former Riviera hotel located on 23-acres for $182.5 million. A planned $40 million demolition during 2015-2016 of the former hotel will lay the foundation for a $2.5 billion expansion of the Las Vegas Convention Center, increasing convention capacity to 5.8 million square feet. The expansion will transform the current convention center, rebranded as the Las Vegas Global Business District, and support the demand growth projected to be an additional 500,000 visitors per year.
Phase One is currently underway and includes developing 750,000 square-feet of new exhibit space and 187,500 square-feet of supporting meeting space, renovating and upgrading the existing facility, incorporating touch screens, faster Internet speeds, new restaurants and an updated façade. Phase II includes the expansion onto the former Riviera site from a current total footprint of 3.2 million square-feet to 5.7 million square-feet of space, with new street infrastructure and new centralized transportation hub for the entire city. Additionally, the expansion project will include development of a new office park in the neighborhood surrounding the center.
In addition to the LVCVA space, 350,000 square feet of convention space at Mandalay Bay and 1,000,000 square feet of convention space at Genting Group's Resorts World are under construction.
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[Image Caption] The $2.5 billion convention center expansion will generate an increase in demand of 500,000 visitors per year
[Text on Building Sign] WELCOME CONVENTION DELEGATES!!
[Text on Street Sign] Las
[Chart Title] LAS VEGAS CONVENTION STATISTICS
[Chart Legend] Attendance, Conventions
[Chart X-Axis Labels] 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
[Chart Y-Axis Left Label] Attendance (millions)
[Chart Y-Axis Right Label] # of Conventions
[Chart Y-Axis Left Scale] 3, 3.5, 4, 4.5, 5, 5.5, 6, 6.5, 7
[Chart Y-Axis Right Scale] 0, 5,000, 10,000, 15,000, 20,000, 25,000, 30,000
[Chart Data Points - Attendance in millions] 3.9 (2000), 5.0 (2002), 5.1 (2003), 5.7 (2004), 5.7 (2005), 6.2 (2006), 6.3 (2007), 6.2 (2008), 5.9 (2009), 4.5 (2010), 4.5 (2011), 4.9 (2012), 5.0 (2013), 5.1 (2014), 5.2 (2014-bar)
[Chart Text Box] 5.2 million convention attendees in 2014 is the highest in 6 years and represents significant potential for growth
HOUSE_OVERSIGHT_018772

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