Clark County commissioners approve $50 million in bonds for Global Business District

Clark County commissioners on Tuesday unanimously approved issuing $50 million in bonds that will go toward the Las Vegas Global Business District project.

That 10-year project has a price pegged at $2.5 billion. The county’s action was the final step needed following action from the Las Vegas Convention and Visitor Authority’s board of directors on Jan. 14. The LVCVA board approved a 2014 bond resolution with an authority of $50 million.

The project will revamp the Las Vegas Convention Center, 3150 Paradise Road, and provide a World Trade Center, various technology upgrades and aesthetic improvements.

Officials anticipate that bonds, yielding 4.5 percent to 5 percent, will be issued on or about Jan. 30 and closed Feb. 20.