Left to right: Alderman Cedric Crear; IMC CEO Bob Maricich; The Mayor of Las Vegas, Carolyn Goodman
International Market Centers (IMC), accompanied by officials from the City of Las Vegas, hosted a ribbon cutting ceremony on April 9, 2021 to celebrate the opening of the Expo at the World Market Center Las Vegas (WMCLV), home to 315,000 square exhibition facility at the heart downtown Las Vegas. The three-year project is a $ 103.5 million investment by Blackstone, IMC’s parent company, in Las Vegas.
“With its state-of-the-art amenities, the expo will not only attract additional businesses to downtown Las Vegas, it will also drive the associated job creation for its residents.” – Bob Maricich, IMC
“The Expo at WMCLV Las Vegas will be a hub for resurgence and meet the demand for modern convention and exhibition space in downtown Las Vegas,” said IMC CEO Bob Maricich. “With its state-of-the-art amenities, the expo will not only attract additional businesses to downtown Las Vegas, it will also drive the associated job creation for its residents.”
The specially built facility is divided into two halls – north and south hall – and offers space for up to 1,000 exhibition stands. The Expo at WMCLV offers large exhibition areas, a spacious lobby and registration area, an on-site shuttle bus depot, an attached parking garage and permanent catering areas. The Expo at the World Market Center in Las Vegas was designed by Ed Vance & Associates Architects (EV&A) and built by the Penta Building Group using local Las Vegas labor at applicable wage rates.
“This building is a monumental statement of architecture, design, stubbornness and the fulfillment of dreams and visions,” said Carolyn Goodman, Mayor of Las Vegas. “All roads lead to the city center and have these buildings [A, B, C and the Expo at WMCLV] At the center is a true testimony to our city. “
The Expo at the World Market Center Las Vegas is expected to have a significant positive impact on downtown Las Vegas and the economy of southern Nevada. Based on economic modeling projections, the estimated downtown spending equates to $ 97 million in annual visitor spending, $ 28 million in annual salaries and wages, and nearly 700 recurring job opportunities.
The estimated annual economic impact on southern Nevada is $ 234 million in aggregate economic output, $ 66 million in total salaries and wages, and 1,600 jobs.
In a broader sense, the estimated annual economic impact on Southern Nevada is $ 234 million in aggregate economic output, $ 66 million in total salaries and wages, and 1,600 jobs. Overall, congress attendees visiting the facility are expected to purchase more than 388,000 hotel room nights per year, of which an estimated 161,000 would be downtown.
“It’s so exciting to be part of such a beautiful facility that is so badly needed down this corridor,” said Cedric Crear, councilor and representative of Ward 5. “This new exhibit facility really is a downtown spark and will attract new people I haven’t been to downtown Las Vegas to experience our restaurants, hotels, nightlife, and our main drag. “
The Expo at WMCLV will be used for the first time during the IMC market in Las Vegas from April 11th to 15th, 2021 from April 2021. The facility is home to more than 200 gift and temporary exhibits from the market and is within easy walking distance of an efficiently navigable layout that is adjacent to Building C. As the gateway to the campus of the World Market Center in Las Vegas, it enables a continuous flow of traffic between the market’s temporary exhibits and the permanent exhibition spaces. It’s also the location for IMC’s newest buying event, Las Vegas Apparel, which starts in August 2021.
During the market, the expo at WMCLV will adhere to IMC’s Together Safely protocols. Safety procedures on campus include required use of PPE, timing controls, capacity limits, and social distancing measures. Read the full Together Together plan here.
Maricich added, “This opening signals a return to normal for the Las Vegas Market and gives an impression of the transformation of this project for our company and our community.”
In addition, the Expo is already being recognized for its design know-how at the WMCLV, as it received the project award “Special Use – Over 100,000 SF “has received the award ceremony.
Trade fairs as well as corporate and private events take place at the Expo in the World Market Center in Las Vegas. More information is available at www.expowmclv.com.