Tourism Agency To Decide Riviera's Demise: Sooner Or Later
LAS VEGAS (AP) — The Las Vegas Convention and Visitors Authority is expected to vote Tuesday if the Riviera casino-hotel will be demolished sooner rather than later.
A committee has recommended the agency spend some $42 million to tear down the 60-year-old Las Vegas Strip casino and replace the 26-acre site with a parking lot for outside exhibit space until it can raise the money it needs to build an expanded convention center.
Any demolition wouldn't happen for at least six months. How the building will be demolished hasn't been decided.
The alternative is to wait two years until the authority amasses the funds it needs.
The authority bought the Riviera for $182.5 million in February. It expects to send $2.3 billion to expand the Las Vegas Convention Center to the Strip.