Phased Renovation Planned for the Las Vegas Convention Center

Las Vegas Convention and Visitors Authority (LVCVA) board members have been informed that the $890-million renovation of the Las Vegas Convention Center will be split into three phases, which could push the completion date beyond 2011. Breaking up the project will save millions in debt service costs. The LVCVA plans to finance $822 million of the project and pay the remaining $68 million in cash. By doing the work in phases, officials calculate they can trim debt service costs by $5 million in fiscal 2009, $13.5 million in 2010 and $28 million in 2011.