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StumbleLVCVA approves bond issue for center’s expansion
Tuesday, June 22, 1999 | 11:53 a.m.
The board of directors of the Las Vegas Convention and Visitors Authority today approved a $150 million issue of revenue bonds to finance the expansion of the Las Vegas Convention Center.
The measure was passed over the objections of officials from the Venetian hotel-casino and its adjacent Sands Expo Center, who worry the expansion will take some of their business.
Opponents charged the revenue bonds were legally general obligation bonds that must be approved by voters.
The LVCVA board rejected those claims, arguing the bonds will be paid back by Convention Center revenue without affecting taxpayers.
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