Here are all the big developments coming to the Las Vegas Strip
Las Vegas is in the midst of another transition that could change the city’s skyline and raise the city’s international profile.
From attracting professional sports leagues to the city to attracting world-class artists to performance residencies, Las Vegas has been on a roll in recent years.
With new and upcoming attractions, Sin City must grow.
Transportation, accommodation and other logistical issues will need to be ironed out before Vegas can reach its full potential and this week the Las Vegas Convention and Visitors Authority released details on where the city is headed.
Las Vegas saw 32.2 million visitors in 2021, a 70% year-over-year increase from 2020, when the coronavirus pandemic was at its peak. The city’s convention industry hasn’t seen the same kind of strong recovery with 2.2 million attendees reported in 2021, a 28% year-over-year increase.
Here’s a look at future plans for the Desert Play Oasis.
Vegas will spend $4.5 billion over the next two years
The Las Vegas Convention and Visitors Authority plans to spend $4.512 billion on 29 new projects that are expected to add 7,602 hotel rooms and 791,000 square feet of convention space in Southern Nevada by the end of 2024 .
By the end of 2024, Vegas will have over 158,000 hotel rooms.
The LVCVA expects the city to add an additional 766 rooms this spring with the reopening of the Palms Resort and Casino under new owners, the San Manuel Band of Mission Indians.
The opening of a Holiday Inn Express will add 127 additional rooms.
The biggest current project is Fontainebleau Las Vegas on the Strip. The hotel will include 3,780 hotel rooms and 550,000 square feet of meeting space when completed in the fourth quarter of 2023.
This new mega-casino, which sits on the northern strip, would be part of a major effort to revitalize this second of Route 4.2. It’s an important project because, along with a possible new North Strip Arena and other casino projects, it could provide a viable alternative to Caesars Entertainment. (CZR) – Get the report from Caesars Entertainment Inc. and MGM Resorts International (MGM) – Get the MGM Resorts International Report casinos that dominate the center and south of the Strip.
Caesars also has a massive project planned as it will revamp its Bally property and rebrand it with its Horseshoe brand. MGM has big plans and will take over the operation of The Cosmopolittan, although the company has not announced any major changes for this property.
The $1.9 Billion MSG (MSGE) Sphere at The Venetian is a 17,500 seat entertainment venue slated for completion by the end of 2023.
Meanwhile, six new properties are slated for completion in 2024, the largest being the 720-room, game-free Majestic Las Vegas, which is being built for $850 million on the site across from the Las Vegas’ West Hall. Convention Center.
The $500 million, 527-room Dream Las Vegas is also slated for 2024.
To help accommodate all of these potential new tourists, several transportation projects are underway, including an $8 billion high-speed rail project and an ongoing 29-mile, 51-station Las Vegas Loop underground transit project. construction by Elon Musk’s The Boring Co.
Upcoming Attractions in Las Vegas
Much of Vegas’ growth has come from outside its traditional gambling industry.
Professional sports are at the heart of a love affair with the city with the recent additions of NFL and NHL franchises.
Major League Baseball flirted with the city in an effort to secure a new stadium contract with the Oakland Athletics. The A’s have been in active negotiations with several locations on or near the Las Vegas Strip.
And now, there’s a report that the NBA may be interested in granting the city an expansion team in the near future. There have also been rumors that Vegas may add a Major League Soccer team, although no concrete plans for this have been made public.
Las Vegas could become an even bigger sports oasis in the middle of the desert to go along with all the other entertainment the city has to offer.