Developers Brett Torino and Paul Kanavos, who built Harmon Corner and are working on the 63 retail center, would become the owners of property near the Convention Center.
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After years of seeing big plans come and go, the north edge of Las Vegas’ famed casino corridor is showing more momentum than it has in years.
Wynn CEO Craig Billings said the sales proceeds would “provide us with liquidity for several of our upcoming development projects and the potential to retire other debt.”
The Las Vegas Convention and Visitors Authority board will consider selling land at Las Vegas and Elvis Presley boulevards to finance convention hall renovations.
A new convention center in downtown Las Vegas will provide exhibit space for the twice-a-year World Market as well as room for trade shows and community events displaced by the 2017 closure of Cashman Center.