LAS VEGAS (KSNV) — A vote Tuesday clears the way for expansion to start on the Las Vegas Convention Center, according to an announcement from the Las Vegas Convention and Visitors Bureau.
The Board of Directors voted in favor of the guaranteed maximum price agreement of $758 million, the final step needed to begin construction, the LVCVA's press release states.
Additional costs for construction, design and consulting could bring the overall cost of the project to $935 million.
The expansion would add 1.4 million square feet to the convention center.
"This is an incredibly important and exciting time, not just for the LVCVA but for the entire destination," CEO Steve Hill said in a statement. "With today’s approval, we’re delighted to join a boom in development that’s on a scale that we haven’t seen in more than a decade."
Construction is expected to begin soon, though no exact date has been provided. The LVCVA says it expects the expansion to be completed in time for the Consumer Electronic Show, or CES, in 2021.
A renovation of the existing facility would then be completed by 2023, according to LVCVA.