Apartments being demolished for Convention Center parking lot

Courtesy Photo

A rendering of an upgraded Las Vegas Convention Center.

The Las Vegas Convention and Visitors Authority is spending $5 million to buy a 3.3-acre lot on Sierra Vista Drive and will convert it into a parking lot and staging area for the nearby Las Vegas Convention Center.

The land deal was one of several purchases the LVCVA board of directors approved in its monthly meeting Tuesday.

The lot at 920 Sierra Vista Drive has a 100-unit apartment complex on it. In a unanimous vote, the board approved purchasing the lot for $4.6 million and is allocating $680,000 to manage the property and relocate residents of the apartment complex. Some apartment leases are in effect through May 31, 2014, and the complex will be demolished to make way for the parking lot.

The LVCVA has been making strategic real estate purchases near the Convention Center for future expansion and logistical support.

The board approved several other purchases and contracts:

• A five-year contract with Sunrise Hospital and Medical Center for on-site nursing services for $630,500. The contract includes a three-year option after 2018 and it provides nursing services during trade shows and conventions and, if negotiated, during the move-in and move-out of events.

• A fire alarm system for the Convention Center’s Central Hall for $1.1 million to the Las Vegas office of Simplex Grinnell.

• The replacement of 83 partition wall panels in the Convention Center for $260,484 to Modernfold of Nevada, Las Vegas.

• A point-of-sale credit card and debit card parking payment system at the Convention Center and Cashman Center for $135,000 with Indianapolis-based T2 Systems Inc.

Real Estate