SPI Insights

Nevada – The city of Henderson released an economic impact study on a proposed 6,000-seat events center to replace the city’s weather-damaged Henderson Pavilion.

If approved, the Henderson Event Center would replace the pavilion and generate an estimated annual economic impact between $17.2 million and $26 million, annual wages and salaries of venue personnel between $6.3 million and $9.4 million, and 159 to 234 jobs annually.

The city’s vision for retrofitting the pavilion into an enclosed arena changed significantly when a professional hockey team announced its plans to relocate its newly purchased American Hockey League (AHL) team to southern Nevada.

Through the city’s public-private partnership with the team, the two organizations began planning construction of a new entertainment venue where the hockey team would be a tenant.

According to the city’s website, the events center on Green Valley Parkway and Paseo Verde would serve as a year-round, family-friendly entertainment venue that will feature concerts, cultural arts performances, high school and college graduations, sporting activities, meetings, and other community events in addition to hosting the professional hockey team as a tenant. Other proposed improvements to the area could include an outdoor plaza and park space; pedestrian and trail improvements in the immediate area; and improved and enhanced perimeter landscapes.

Several design and architectural firms are being considered for the Henderson Event Center with a decision expected to be made in summer 2020 if the project is approved. Construction on the venue and surrounding improvements would then be expected to begin in fall 2020 with completion before the end of 2021.

Henderson’s city manager also announced plans are underway for a new police station and training facility in West Henderson. Construction of the police station and training facility would be funded through the sale of general obligation bonds City Council approved on April 21.