LVCVA board OKs purchase of Riviera hotel-casino - FOX5 Vegas - KVVU

LVCVA board OKs purchase of Riviera hotel-casino

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The Riviera hotel-casino, which could change hands to the LVCVA, was first opened on the Las Vegas Strip in 1955. (FOX5) The Riviera hotel-casino, which could change hands to the LVCVA, was first opened on the Las Vegas Strip in 1955. (FOX5)
LVCVA displayed a concept design for its planned convention building in the space where the Riviera hotel-casino occupies. (Jane Sander/FOX5) LVCVA displayed a concept design for its planned convention building in the space where the Riviera hotel-casino occupies. (Jane Sander/FOX5)
LAS VEGAS (FOX5) -

Plans to purchase the aging Rivier Hotel and Casino on the Las Vegas Strip will move forward after the city's tourism bureau gave the go-ahead on Friday.

The Las Vegas Convention and Visitors Authority's Board of Directors unanimously voted to purchase the 60-year-old property located towards the north end of the Strip.

Earlier in the week, LVCVA revealed plans to purchase the Riviera and raze the current structure. The space would later be occupied by a new 750,000-square-foot convention exhibit space that would extend the Las Vegas Convention Center's footprint.

The construction of the exhibit space is one part of LVCVA's plan to build the $2.3 billion Las Vegas Global Business District, which would also include renovations of the existing convention center located along Paradise Road.

The project is slated to create 6,000 construction jobs to the area and 6,000 permanent jobs once it's completed, LVCVA said.

The board of directors meeting took in public comment on the fate of the landmark hotel. 

The meeting also included a first look at a conceptual design for the convention structure that would occupy the Riviera space.

The Riviera first opened in 1955 as one of the earliest resorts on the Strip. The landmark has remained opened since then amid the evolving landscape of the tourism area.

A consortium Riviera Holdings Corporation currently owns the casino property.

Stay with FOX5 and FOX5Vegas.com for updates.

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