LVCVA to sell 10 acres of Las Vegas Strip property
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LVCVA is planning to sell 10 acres of Strip-front property where the Riviera stood to CB Investment SpA. The sale is part of a long-term plan to finance the renovation of four convention halls. The property is at the southeast corner of Las Vegas and Elvis Presley boulevards. It is expected to fetch $120 million. CB investment will have to begin construction by January 1, 2031. LVC VA has the right of first refusal if CB invests in the property. There is no asking price. A decline in tourism revenue due to the pandemic has delayed the construction of the Convention Center's North, Central and two South halls, which is also a problem.
LVCVA is selling 10 acres of Las Vegas Strip property.
