You really have to Love Las Vegas. Where else in the United States would anybody even be considering a new Billion dollar project in the current state of the U.S. economy, much less a $10 Billion Dollar Project? Las Vegas already has the biggest project in North America currently under construction with the $9 Billion dollar City Center Las Vegas project.
Recently gone private Station Casinos just announced that they’ve been planning and are proposing a new project on 110 acres they own just West of the Strip in what is better known as a truck stop at the Wild Wild West Casino.
A mixed-use development, tentatively titled Viva, is envisioned for 110 acres on Tropicana Avenue just west of Interstate 15 that’s now the site for the Wild Wild West hotel-casino and some restaurants, retail shops and warehouses, the locals gaming company said.
Building of the project, which could eventually cost as much as $10 billion, is planned in phases. The first phase is expected to have three hotels with 5,200 hotel rooms and a large casino.
It’ll certainly be interesting to see if partnerships and financing can come together to bring this project to fruition with the current state of the capital markets and the skyrocketing costs of building materials for this type of project. But.. as stated, the initial phase would be three hotels and the casino with the high rise condominiums to follow.
It’s too early to get all excited and make predictions about the effects since the Viva project is only on the drawing board for right now. But.. it is good to see the continued enthusiasm and optimism for the future of Las Vegas. And hey, this company started out with a small little bingo hall in Las Vegas back in 1973 and you’ve gotta love that.
Viva Las Vegas….
Paul Francis, ABR,CRS
Coldwell Banker Premier
Las Vegas Real Estate
702.592.3058
