The LVCVA this week released its annual construction bulletin. The report details ongoing tourism-focused projects in Southern Nevada.<\/p>\n
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The agency says approximately $4.512 billion is forecast to be invested in the market through 2024. Should all of the listed undertakings be carried out to completion, more than $4.5 billion will result in the addition of 7,602 rooms and 791,000 more square feet of convention space.<\/p>\n<\/div>\n
Fontainebleau is responsible for the bulk of both components. But since Koch and Fontainebleau Development have not revealed what sort of investment is being made into completing the property, the $4.5 billion overall figure is not inclusive of the Fontainebleau spend.<\/p>\n
The MSG Sphere at The Venetian is the costliest project currently under development. The immersive entertainment space is being built at a cost of $1.9 billion.<\/p>\n
Despite COVID-19, 2021 saw nearly $4.89 billion in investments come to completion. The year was highlighted by the finishing of Resorts World Las Vegas, which cost $4.3 billion. The resort on the Strip’s northern end opened last June.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Fontainebleau Las Vegas is on track to open sometime in the fourth quarter of 2023. Koch Industries’ real estate investment arm acquired the 67-story towering blue structure a little more than a year ago for an undisclosed price. The acquisition was made in conjunction with Miami real estate developer Jeffrey Soffer’s Fontainebleau Development. Teneo Hospitality […]<\/p>\n","protected":false},"author":25,"featured_media":203723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81886,32093],"tags":[],"acf":[],"yoast_head":"\n
Fontainebleau Las Vegas Casino Resort Renderings Released<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n