$50 Million in Bonds for LVCVA Business District

Sun, Jan 19, 2014

A planned bond issue would generate $50 million to fund the Las Vegas Convention & Visitors Authority’s long-deferred Global Business District project.

The board of directors of the Las Vegas Convention and Visitor Authority has approved a bond resolution that will bring in million to help fund the decade-long Las Vegas Global Business District project, which is projected to cost .5 billion.

The LVCVA hopes to renovate the Las Vegas Convention Center, adding a World Trade Center and updating technology at the location. The Clark County Commission must approve the bond issue at its next meeting on January 21.

The bonds are expected to be issued in late January through February 20. Officials predict the bonds will yield between 4.5 percent and 5 percent. “This looks like it’s going to be a good month to be in the bond market,” Rana Lacer, the authority’s senior vice president of finance told the Las Vegas Review-Journal.

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