Home>702Times>The Las Vegas Strip Will Continue to Grow as the Old Riviera Lot Is Sold

The Las Vegas Strip Will Continue to Grow as the Old Riviera Lot Is Sold

By TheNevadaGlobeStaff, November 15, 2022 6:50 am

LAS VEGAS, Nev. (702 Times, NV Globe) – Locals in Las Vegas may see a new look of new structures on the Strip’s north end.

From Resorts World to Fontainebleau, the boom is expected to continue as the Las Vegas Convention and Visitors Authority finalizes a deal to sell a piece of their site on Elvis Presley and Las Vegas Boulevard, once home to the Riviera Hotel and Casino.

According to Lori Nelson-Kraft, the LVCVA’s senior vice president of communications, the site was sold for $120 million to Chilean real estate entrepreneur Claudio Fischer.

“When the LVCVA purchased the Riviera, it was always with knowing it would be put towards the expansion of the Las Vegas convention center,” Nelson-Kraft said. “It was always contemplated that way and while we used some of the land of the Riveria, we were able to relocate the west hall project in a more desirable location to the campus which really allowed us to have 10 extra acres.”

The proceeds from the sale will go toward the convention center’s $600 million renovation plan, which will help to accommodate the thousands of visitors who pass through its doors and into Las Vegas.

“It’s great that we found a great partner in Claudio Fischer, the north end of the strip has really undergone some tremendous changes, and not only do we have our west hall expansion,” Nelson-Kraft said. “Resorts World has debuted, Fontainebleau is well on its way to opening next year, the Sahara has been reimagined with new owners so the whole north end of the strip has changed and morphed beautifully over the last few years.”

Jana and Bob Woods came from Minnesota to see what would become of the new acreage.

“It’s like every time you come out here, there’s something new and exciting to check out,” Bob said.

Tourists Jan Kent and Cherrie Carlson said the new developments make them want to return.

“I like to see growth in this city, it’s good and the economy is booming,” Kent said.


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