Las Vegas tourism officials extend sponsorship of Pac-12 tournament

Updated March 15, 2018 - 1:14 am

The Las Vegas Convention and Visitors Authority continued to invest in sports as a vehicle to bring visitors to Southern Nevada, unanimously authorizing $500,000 to fund an extension for promoting the Pac-12 men’s basketball tournament into 2020.

The board of directors on Tuesday approved the sponsorship of the four-day, single-elimination event at T-Mobile Arena that annually determines the conference’s representative in the NCAA Tournament.

The board was required to approve the Las Vegas Events-budgeted event because it commits funding beyond the current fiscal year. The 2020 tournament is scheduled for March 11-14.

The Pac-12 event has grown to become the best attended of four postseason college basketball tournaments in Las Vegas. The LVCVA and Las Vegas Events also have funding deals with the Mountain West and West Coast conferences. The Western Athletic Conference negotiates directly with Boyd Gaming, which hosts the tournament at Orleans Arena.

LVCVA CEO Rossi Ralenkotter said one of the agency’s goals is for Las Vegas to be an appealing site for NCAA first round, regional and Final Four play.

“The intent is to continue to have the tournaments in Las Vegas so there are negotiations going on all the time,” Ralenkotter said after Tuesday’s meeting.

NCAA shuns Las Vegas

The NCAA hasn’t embraced Las Vegas in the past despite having an abundance of hotel rooms to accommodate teams and fans because of the presence of legalized sports betting. That concern could evaporate next year if the U.S. Supreme Court strikes down or modifies the Professional and Amateur Sports Protection Act that bans sports wagering in all but four states since betting could become more commonplace nationwide.

The 65,000-seat Las Vegas stadium, when completed in 2020, is a possible location for a basketball Final Four. The NCAA usually chooses large stadiums for its four-team finale to the tournament.

(Severiano del Castillo Galvan/Las Vegas Review-Journal)

Ralenkotter said while the Pac-12 event is expected to attract 10,500 out-of-town visitors, mostly from West Coast cities, the value of the sponsorship is in the resulting media and television coverage at a time when college basketball fans are most interested in the sport.

In recent months, the LVCVA has placed a greater emphasis on sports in a bid to position the city as a home for various competitions just as it is recognized as the Entertainment Capital of the World. In recent weeks, the agency has promoted the first of two NASCAR races, USA Sevens rugby, the Vegas Golden Knights National Hockey League team, the Las Vegas Lights minor-league soccer team and UFC fights in addition to the four basketball tournaments. Next weekend, the city will host two Major League Baseball spring training games between the Chicago Cubs and the Cleveland Indians.

$80 million stadium naming deal

While board members voted unanimously without debate for the $500,000 sponsorship, the LVCVA has been criticized for big spending on sports, most notably for the $80 million naming-rights deal for Las Vegas Ballpark, the new minor-league baseball stadium being built for the Las Vegas 51s in Downtown Summerlin.

It’s believed to be the largest naming-rights deal ever done for a minor-league facility.

In other business Tuesday, the LVCVA board unanimously approved a $2.67 million construction management contract to a joint venture that includes a Las Vegas contractor.

The construction-manager-at-risk contract will go to a collaboration between New York-based Turner Construction and Martin-Harris Construction of Las Vegas.

The contract is for construction of a 600,000-square-foot exhibition hall, meeting rooms and support facilities totalling 1.4 million square feet to expand the Las Vegas Convention Center on land used as a parking lot northwest of the existing Convention Center.

The estimated $860 million project is part of the $1.4 billion expansion and renovation of the Convention Center to be completed by 2022. The new hall would open in time for CES in 2021.

The $2.67 million contract for pre-construction work also says the joint venture would be paid 2.8 percent of the guaranteed maximum price of the project which is being designed by a team of five collaborating architecture firms known as Design Las Vegas.

Maximum price sought

Ralenkotter said the maximum price, which is required before major construction work can begin, would be determined in the next four to six months.

A six-member committee recommended the Turner and Martin-Harris bid, which was affirmed by the chairman of the Oversight Panel for Convention Facilities in Clark County.

Reviewers were impressed that the Turner-Martin-Harris group is planning to schedule construction work that doesn’t conflict with when key craftsmen are needed on three other major Las Vegas projects — the Las Vegas stadium, Resorts World Las Vegas and the Drew Las Vegas renovation. The group also assessed working around times when the convention center campus is busy with large trade shows.

Tuesday’s meeting was the first for Las Vegas Councilwoman Michele Fiore, who replaced former Councilman Ricki Barlow on the board.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

ad-high_impact_4
Business
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like