In last Fridays board meeting of the Las Vegas Convention and Visitors Authority the members present voted unanimously to purchase the Riviera Hotel & Casino on the Strip and close it to redevelop the land. The purchase price for the Riviera is $182.5 million with the property due to close May 4th with the redevelopment of this and other nearby land purchased expected to take between five to eight years to complete. The above picture from the LVCVA shows what the replacement building on the Riviera site will most likely look like as part of the $2.3 billion expansion of the Las Vegas Convention Center which wants expansion to compete with other convention centers such as Anaheim and Los Angeles. Its sad to see the iconic Riviera close but its has been neglected for a long time but the income an expanded convention center will bring is good for the Las Vegas economy overall.
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