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Convention Authority Approves $182M Acquisition of Riviera Gateway Site

LAS VEGAS—As part of the Global Business District, the Riviera property will help anchor a $2.3 billion Convention facilities expansion that would help draw as many as 20 new convention events a decade from now.

By David Phillips | Updated on February 23, 2015

LAS VEGAS—The Las Vegas Convention and Visitors Authority (LVCVA) has approved a contract for the $182-million purchase of the historic Riviera Hotel & Casino’s 26-acre site as the cornerstone for its planned Las Vegas Global Business District.

“The Las Vegas Global Business District … will generate thousands of good-paying jobs and help lay a strong economic foundation for the benefit of the entire community,” said Rossi Ralenkotter, president/CEO of the LVCVA. “This strategic acquisition of land gives us the much-needed space for expansion while also providing a highly visible presence on one of the most famous streets in the world—the Las Vegas Strip—and is essential in helping us to reach our goal of 45 million visitors.”

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