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Las Vegas Convention and Visitors Authority

Las Vegas Convention and Visitors Authority. Luke Puschnig Legal Counsel Las Vegas Convention and Visitors Authority. CONVENTION CENTER EXPANSION ISSUES. Discuss four important issues as to Convention Center Expansion: 1. Why are you building? 2. What do you need to build?

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Las Vegas Convention and Visitors Authority

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  1. Las Vegas Convention and Visitors Authority Luke Puschnig Legal Counsel Las Vegas Convention and Visitors Authority

  2. CONVENTION CENTER EXPANSION ISSUES • Discuss four important issues as to Convention Center Expansion: • 1. Why are you building? • 2. What do you need to build? • 3. “Show me the money” • 4. Muni Bonds? I have to do what?

  3. WHY ARE YOU BUILDING? • Is this market or ego? • How do you determine what the market needs? • Research, research and research? • Surveys? • Asking the industry? • Ask your current customers? • Ask your sales staff? • Ask the hotels? LAS VEGAS CONVENTION AND VISITORS AUTHORITY

  4. WHY ARE YOU BUILDING? • Other relevant questions: • Hotel room capacity to host shows in that market? • Do you have the transportation infrastructure to hold the show? (Air, bus, train and POV) • CC infrastructure to MI/MO? • Other show needs? (Attractions) • Do you need to buy land?

  5. WHAT DOES THE MARKET SAY WE NEED TO BUILD ? • A convention center is not just exhibit space: • Meeting rooms? • Assembly areas? • Association/show areas? • Food service and other service areas?

  6. WHAT DOES THE MARKET SAY WE NEED TO BUILD ? • Again, why? How does this benefit the community? • Economic benefit? • Social benefit? (LVCC v. Cashman)

  7. “SHOW ME THE MONEY” • Even in the best of circumstances funding is difficult: • Revenue stream? • Political reality of using that revenue stream? • The real political reality of using that revenue stream?

  8. “SHOW ME THE MONEY” • Assuming revenue stream is available, are muni bonds available? Other funding?

  9. TAX FREE MUNI BONDS, WE HAVE TO DO WHAT? • IRS Private Use Rules • Fail the private use test! • Uniform rates • Maximum use of facilities • Non-discrimination • Exceptions: Concessions, Misc.

  10. THE END • THINK LONG AND HARD • REMEMBER IT TAKES DECADES TO ESTABLISH A CONVENTION DESTINATION, ARE YOU READY FOR THE FIGHT?

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