Sunday, July 14, 2024
HomeHomeAfter 60 years on Las Vegas Strip The Riviera Shutting Down Today

After 60 years on Las Vegas Strip The Riviera Shutting Down Today

The iconic resort turns the lights off at noon.

Today is your last chance to visit the Riviera. The 60-year-old resort on the Strip goes dark at noon today to make way for the new Las Vegas Global Business District.

The Las Vegas Convention and Visitors Authority board of directors voted in February to approve a contract for the purchase of the historic 60-year-old Riviera’s 26-acre site to tear down in favor of the flashy new Las Vegas Global Business District.

LVCVA agreed to purchase the site for $182.5 million using funds from JP Morgan, which will be converted to bonds within two years. The construction of the new facility is estimated at $2.3 billion, making it the largest economic development initiative the LVCVA has undertaken since the Las Vegas Convention Center was originally built in the late 1950s. LVCVA hopes that the addition will attract an additional 480,000 new attendees attending 20 new trade shows and conventions when complete.

Riviera parent company Paragon Gaming says that the resort is figuring out how to help 1,000 employees there find employment following the shutter.

The casino, celebrating its 60th anniversary this year, is home to R Steak & Seafood, Banana Leaf Cafe and Wicked Vicky Tavern, along with a food court with Angelina’s, Big Burger, Cheese Steaks Etc, India Masala, La Salsa, Quiznos and Wok Express.

Construction will take place in two phases, with the first bringing 750,000 square feet of new exhibit space and 187,500 square feet of supporting meeting space as part of the new 1.8-million-square-foot expansion on the Riviera site.

Source: Say Goodbye to the Riviera, Shutting Down After 60 Years Today

The Heat Reporter
The Heat Reporterhttp://theheatmag.com
Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
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