Harrah's plans retail, entertainment center
July 1st, 2010 at 6:17:31 PM
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Harrah's plans retail, entertainment center .
Harrah's has been discussing the idea of developing the land around Flamingo and behind the casinos. A 600' ferris wheel is to be the centerpiece of this development.
The idea of seeling the Rio Casino to finance the project has been heavily rumoured. The idea seems logical.
There is no word about Harrah's purchasing the Casino Royale. It probably is no longer necessary since the idea of tearing down buildings (with the exception of Bill's and possibly the one wing of Bally's) seems to be off the table. I am sure that the owner of Casino Royale is probably kicking himself for not selling a few years ago.
Harrah's has been discussing the idea of developing the land around Flamingo and behind the casinos. A 600' ferris wheel is to be the centerpiece of this development.
The idea of seeling the Rio Casino to finance the project has been heavily rumoured. The idea seems logical.
There is no word about Harrah's purchasing the Casino Royale. It probably is no longer necessary since the idea of tearing down buildings (with the exception of Bill's and possibly the one wing of Bally's) seems to be off the table. I am sure that the owner of Casino Royale is probably kicking himself for not selling a few years ago.
July 2nd, 2010 at 8:04:49 AM
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It seems like a good idea.
Of course, according to Nareed's First Law of Hollywood and Vegas Development (whatever happens, nothing happens), which I shamelessly stole from the late, great Isaac Asimov, groundbreaking on the project should start in no less than three years.
Seriously, projects like this may conduce some Strip foot traffic to the parallel and perpendicular streets, which in turn might spur more (re)development in those areas.
Once the local economy recovers.
Of course, according to Nareed's First Law of Hollywood and Vegas Development (whatever happens, nothing happens), which I shamelessly stole from the late, great Isaac Asimov, groundbreaking on the project should start in no less than three years.
Seriously, projects like this may conduce some Strip foot traffic to the parallel and perpendicular streets, which in turn might spur more (re)development in those areas.
Once the local economy recovers.
Donald Trump is a fucking criminal
July 2nd, 2010 at 10:33:03 AM
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I would be uncertain of all this non-gambling development.
Wet 'n Wild existed. It went bankrupt. Why?
It used to be that casinos knew The Drop is everything. Rooms, meals, parking lots... all decisions were made based on the primary question: What will happen to The Drop? Build a new hotel tower? Change the brand of mayonaise in the snack bar? It didn't matter: the primary question was What Will Happen To The Drop? Casinos knew where the money really came from.
I think Harrahs may be over estimating the demand for retail development. Sure there are alot of people in the city who don't work in the casinos but its not a resort destination. Its a gambling resort destination.
Wet 'n Wild existed. It went bankrupt. Why?
It used to be that casinos knew The Drop is everything. Rooms, meals, parking lots... all decisions were made based on the primary question: What will happen to The Drop? Build a new hotel tower? Change the brand of mayonaise in the snack bar? It didn't matter: the primary question was What Will Happen To The Drop? Casinos knew where the money really came from.
I think Harrahs may be over estimating the demand for retail development. Sure there are alot of people in the city who don't work in the casinos but its not a resort destination. Its a gambling resort destination.
July 2nd, 2010 at 12:28:46 PM
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It seems as if they are after the market that normally goes to Fremont Street. Unfortunately the city of Las Vegas can't afford to let Fremont Street dissapear, and they will keep shoring it up with tax dollar funded improvements. It could be a tough battle for a small market segment.
If they ever combine city and county into one government, then the basic battle for tax dollars will end, but it does not seem as if they will combine governments anytime soon.
If they ever combine city and county into one government, then the basic battle for tax dollars will end, but it does not seem as if they will combine governments anytime soon.
