![]() ![]() While there is optimism, it is more pragmatic. That just leaves the north end of the Strip,” he said, “I think there is an opportunity for some fabulous development projects to come on board on the north end of the Strip in the years ahead”Īfter years of repercussions from the Great Recession, the world-famous Las Vegas Strip could finally see more changes from the new owners of the Tropicana Hotel-Casino to MGM Resort Internationals’ plans for the Monte Carlo. “The rest of the Strip is pretty much built. “It’s an eyesore.”įor his part, Knott thinks the north end is really the future of the Strip. The Fontainebleau needs to demolished or restarted,” Stutz said. Stutz believes the convention center project will help the north end but the biggest improvement would be a decision on the Fontainebleau, which is currently sitting abandoned at 70 percent finished. It’s a tough time on that part of the Strip,” Roeben said. He said the north end of the Strip is still struggling and problems at the SLS Las Vegas are an example of that. “I love to jump on the optimism bandwagon because I think there are lot of things to be optimistic about,” Roeben said, “There is this underlying kind of skepticism or tentativeness it keeps people from fully being onboard with the optimism, I think.” “As the Strip kind of recovers and we start to see more construction that bods well for the local gaming companies,” Stutz said.Įditor and founder of Scott Roeben is hopeful about the future but thinks developers are still very cautious. He said it’s not like flipping a light switch, it will take time.įor instance, it took two years for Genting to break ground, but Stutz said that when Resorts World opens it will spur more growth, and not just in the resort corridor. Nobody thinks it’s going to get back to that,” Stutz said. It was bought a year ago, but nothing about its future has been announced since then. He pointed to the New Frontier property next to Genting’s Resorts World Las Vegas project. “In some sense, there is are still some mirages in the desert,” Stutz said. Whatever ends up on the land, Knott believes it is another sign that property prices in the resort corridor are returning. It could also become a timeshare property or apartments. He told KNPR’s State of Nevada that it could be turned into something like Cit圜enter, where guests arrive and can stay within its confines because dining, gaming and shopping are all there. ![]() According to Knott, this is one of the most exciting properties to become available in many years. John Knott is executive vice president with CBRE Las Vegas and represents the former Las Ramblas property. Horton development and the Las Ramblas resort? And there is almost 100 acres of land for sale within the famed resort corridor.īut with other projects, including Genting’s $4 billion Strip resort breaking ground - is there really demand for a 60-acre site between Planet Hollywood and the Hard Rock Hotel, which at one time or another was slated to become home to a W Las Vegas, an urban D.R. Some people say we’re back to pre-recession days, since billions of dollars are once again being invested on the Strip. Have the good times returned to the Las Vegas Strip? ![]()
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