Las Vegas, NV (KTNV) -- Mayor Carolyn Goodman spent part of the day in downtown Las Vegas, right next to the Fremont East District sign off Fremont and 8th.
She was there to celebrate a groundbreaking ceremony for a new building that will be constructed.
It will be called The Venue Las Vegas and it will feature 36,000 square feet of space for special events, weddings, meetings, conferences and live events.
"We've always been short on meeting space," said Mayor Goodman of the downtown area. "We have some wonderful private places that you can go for meetings and parties, but we're always short."
The owner and CEO of The Venue hopes to change that. In fact, he bought the property back in 2008. He was just waiting for the right time to build his event center. He thinks there's no better time than now.
"Now the economy's turning around, people are going back to work," said Victor Perrillo, owner of The Venue Las Vegas. "The value of the property has gone up and people are now on the road again and companies are now spending more money on their parties."
"The Venue is going to be the premiere event space for Downtown Las Vegas," said David Twigger, Vice President of the Venue Las Vegas.
Perrillo already owns The Venue Scottsdale in Arizona. But he's very excited about opening up in Southern Nevada.
"It's the jewel of all private events," said Perrillo. "Every single company eventually comes through Vegas."
The Venue Las Vegas is set to open in February 2015.