Expansion of World Market Center Las Vegas Receives Approval
International Market Centers has received approval from the city of Las Vegas, Nevada, to construct a new Expo Center on the campus of the World Market Center Las Vegas. The new, state-of-the-art, 350,000-square-foot Expo Center will house the Las Vegas Market temporary exhibitors as well as registration, meeting space and other services and amenities.
The Center will also serve as a year-round event venue in the downtown area for corporate and private events, conventions and other tradeshows. The new structure will be connected to the Campus’ Building C and parking deck and will be constructed to enable the addition of 100,000 square foot floorplates for permanent showroom expansion as the existing facility is nearing full occupancy and demand for space continues.
The city of Las Vegas is contributing $30 million through a TIF (tax increment financing) note to the cost of the Expo Center, approximately $76 million. Upon completion, the Expo Center will include exposition space, meeting and office space, and allocation of space for all back-of-house and administrative functions needed to run larger scale conventions and trade shows.
Construction is slated to begin in the next 12- 18 months and will take approximately 18 months to complete. International Market Centers is taking steps to minimize disruption to Las Vegas Market events while construction is in progress, according to a statement from Robert Maricich, CEO of International Market Centers. “The IMC team remains committed to providing an unparalleled market experience for our exhibitors and attendees,” he said.