Stock Daily Dish
Las Vegas is betting big on 2020, when more than 15 projects — ranging from a stadium to hotel-casino renovations — are slated to come online.
By the end of next year, the city is expected to add 1,969 hotel rooms, bringing its total to 152,201, according to a March report from the Las Vegas Convention and Visitors Authority. Estimated construction costs for projects slated to come online in 2020 total more than $3.3 billion.
These additions could help bring more visitors to the city, experts say.
I think people are more attracted by the chance to try something new in a place that they like. It also depends on how well resort operators balance their new offerings with accessibility. If visitors lured back to Las Vegas by new offerings believe that they aren’t getting real value, they may not return.David Schwartz, a Las Vegas historian and professor at UNLV
LVCVA spokeswoman Lori Nelson-Kraft said the authority anticipates Las Vegas will lure more visitors in 2020 with the additional inventory of hotel rooms and attractions.
Las Vegas occupancy rates are already hovering around 90 percent, according to LVCVA data.
The remaining question is whether the increase in demand matches the increase in supply.Stephen Miller, the director of the Center for Business and Economic Research at UNLV
Here’s a look at some of the projects expected to open in 2020:
Las Vegas Stadium
The 65,000-seat, $1.8 billion project is slated to open in time for . The new home of the Raiders will be located near Russell Road and Interstate 15. The venue includes retractable doors and a translucent polymer roof.
Next year the stadium also will be home to the UNLV football team and the recently reformatted , which will feature teams from the Pac-12, Big Ten and SEC.
The team’s corporate headquarters and practice facility in is also expected to be complete by the spring of 2020.
Circa Resort & Casino
The 777-room resort and casino in downtown Las Vegas is slated to open in December 2020. The cost of the 1.25-million-square-foot property has not been revealed.
At 44 stories, the property would be the north of the Strip. It’s set to include the longest outdoor bar on the Fremont Street Experience, five restaurants and a two-level casino.
Las Vegas Convention Center expansion
The second phase of the Las Vegas Convention Center expansion and renovation is set to finish next year. The center will be adding 1.4 million square feet to its current 3.2 million, costing an estimated $935.1 million.
The first two growth phases focus on expanding the property and are set to be complete by December 2020. The third phase, which will renovate the current convention space, is slated to be completed in 2023. The first phase — buying and demolishing the Riviera — was completed back in January 2017.