LAS VEGAS | Boom Project Rundown! 2.0

[chris08876]

Ikea starts construction on gargantuan Las Vegas store

Ikea, the popular Swedish furniture dealer and meatball slinger, broke ground today on a 351,000-square-foot superstore in Las Vegas.

Company officials and construction management crews, joined by politicians, including Gov. Brian Sandoval, celebrated the start of heavy work for the store at the southwest corner of Sunset Road and Durango Drive in the southwest valley.

Workers have already been clearing and grading the site.

The store, poised to have 300 employees, is expected to open in summer 2016. It will be Ikea's first location in Nevada and 42nd nationally.

It’s one of several construction projects underway or on the drawing board in southwest Las Vegas, a once fast-growing area where, like the rest of the valley, development ground to a halt during the recession.

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http://vegasinc.com/business/2015/ap...as-vegas-stor/

[chris08876]

Las Vegas council OKs $25 million downtown parking garage

Las Vegas leaders didn’t get a downtown soccer stadium, but they will get the parking garage.

A divided City Council on Wednesday approved plans for a tourism improvement district to pay for the garage, which was once meant to support an even more controversial $200 million, 24,000-seat stadium.

The city plans to float $25 million in Sales Tax Anticipation Revenue bonds to build the 1,200-space garage just west of The Smith Center for the Performing Arts on 61 acres of former Union Pacific railroad yard in Symphony Park. It plans to pay off those obligations largely through sales taxes collected at Las Vegas Premium Outlets North — a nearby outlet mall expansion expected to open in mid-May.

Several long-planned Symphony Park retail developments are expected to contribute about one-third of the district’s annual tax revenue. Estimates of districtwide tax collections range as high as $66 million over the next four years.

Nevada Tourism Commission members in March determined that purchases made by tourists, not Las Vegas locals, would account for most of those dollars.

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http://www.reviewjournal.com/politic...parking-garage

[GTR200]

Resorts World Las Vegas - Coming in 2018

https://www.youtube.com/watch?v=GUUaltrTZWA

[The Tweetest]

Construction begins on massive China themed mega-casino in Vegas, which will include aquarium, outdoor amphitheater... and habitat for live pandas

http://www.dailymail.co.uk/news/arti...er_dailymailus

[chris08876]

Construction Update: AEG & MGM Resorts Public Arena

Representatives from owner/developers AEG and MGM Resorts International (NYSE: MGM) hosted a traditional “Topping Out” ceremony to commemorate the installation of the last steel beam used in the construction of the new Las Vegas Arena set to open in Spring 2016.

The privately funded, 20,000-seat, $375 million indoor arena is located west of the Las Vegas Strip between New York-New York Hotel & Casino and Monte Carlo Resort and Casino. Las Vegas’ newest landmark is expected to host more than 100 events annually including boxing, UFC and other sporting events, major headline entertainment, awards shows and special events. The venue also will feature 50 luxury suites, more than two dozen private loge boxes and other specially designed exclusive hospitality offerings never before featured in a facility of its kind.

Extra Rendering:


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http://newsroom.mgmresorts.com/mgm-r...pring-2016.htm

[chris08876]

Project: 3rd Street and Gass Avenue

A luxury movie theater complex is expected to break ground in Downtown Las Vegas next month.

After securing state and federal tax credits earlier this year, developers think Eclipse Theaters could open as soon as March.

The three-story, luxury complex will span about 72,000 square feet near the Arts District, at 3rd Street and Gass Avenue. It will have eight screens, a restaurant, a lounge, an outdoor patio and space for private parties.

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http://lasvegassun.com/news/2015/jul...round-downtow/

[chris08876]

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Possible Football Stadium:

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This image looking west along Tropicana Avenue shows the 42 acre site -- highlighted in blue -- that the UNLV Foundation has in mind for a football stadium, or possibly other uses.

UNLV's next step for a new stadium is Thursday when university officials will brief a Nevada Board of Regents committee on various financial options to buy 42 acres at Tropicana Avenue and Koval Lane for $50 million.

"We are certainly assuming, if the Board of Regents approves this project to move forward, we would need to use long-term debt financing to pay for it," Gerry Bomotti, UNLV senior vice president for finance and business, said of the land acquisition. "Finding feasible options for financing the purchase is always the most challenging issue."

UNLV hopes to buy the property on Dec. 18, blend the land into its master plan and then work on transportation and connectivity issues to link the site to the campus. UNLV is also playing a big role in a new tourism infrastructure committee created by Gov. Brian Sandoval that is looking at how to connect stadiums, arenas, convention centers, venues, airports and transportation hubs in the Las Vegas and Southern Nevada region. Its next meeting is Sept. 24.

Meanwhile, UNLV would need the Board of Regents to approve the stadium land deal at the board's December board meeting for the campus stadium proposal to move forward.

"Nothing can or will move forward unless they approve an update to our our campus masterplan to incorporate this 42 acres and they approve some financing structure that allows us to purchase it," Bomotti said. "Everything is on track to have a final and complete package for the Board (of Regents) at the December meeting."

The university wants to acquire the land even if a new stadium is never built because it needs space for other programs, too. Last year, an 11-member stadium panel made up of Regents members, Strip casino-hotel representatives and local officials recommended a 45,000-seat, shaded stadium project of $523 million. UNLV has not begun lobbying for the $523 million yet, saying the new medical school is the top priority.

Regent James Dean Leavitt, who also was a member of the stadium board, supports UNLV buying the land and wants the Strip's biggest property owners such as MGM Resorts International, Caesars Entertainment Corp., Las Vegas Sands Corp. and Wynn Resorts Ltd. to help pay for the stadium.

"That land is a once-in-a-lifetime opportunity," Leavitt said. "If this is seen as a Strip resource, then the Strip should pay for the overwhelming majority of it if it's a neutral events center. If it can benefit all of Southern Nevada; it should not be affiliated with any one casino operator."

A campus stadium would be necessary if UNLV wants to join the Big 12 or Pac-12 conferences in the future.

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http://www.reviewjournal.com/busines...g-stadium-land

[chris08876]

Construction Update: Silverton Hotel




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http://www.vegastripping.com/news/bl...w-hotel-tower/

[eleven=11]

Originally Posted by chris08876

Las Vegas council OKs $25 million downtown parking garage

is this for the new train station to LA??

[chris08876]

No its just a parking garage to support the nearby casinos and shopping outlets. The area where its being considered was a rail yard back in the good old days.

[Yackemflaber69]

Any news on Resort World?
/

[chris08876]

Originally Posted by Yackemflaber69

Any news on Resort World?
/

Construction is well under way and they are aggressive about meeting the time-table, but they are keeping a tight lid on it. I tried their twitter, Facebook, many of the tabloids on Vegas to see any construction pics or details, but no luck.

We need some Vegas foot soldiers to take pics. Anybody who lives near Vegas?

Two sites, Resorts World, and Alon Las Vegas. I heard Alon is seeing some work on the site (possibly demo or preliminary foundation work, but no pics to confirm.

[shadowbat2]

Was on vacation there last week and got a few updates:

Resorts World, no work visible on the unfinished tower....
256 by tehshadowbat, on Flickr

250 by tehshadowbat, on Flickr

Work was underway on the garage though....
252 by tehshadowbat, on Flickr

Lucky Dragon topped out:
276 by tehshadowbat, on Flickr

Riviera remains untouched and Fountainbleau is sadly still stalled:
258 by tehshadowbat, on Flickr

249 by tehshadowbat, on Flickr

247 by tehshadowbat, on Flickr

260 by tehshadowbat, on Flickr

261 by tehshadowbat, on Flickr

263 by tehshadowbat, on Flickr

273 by tehshadowbat, on Flickr

274 by tehshadowbat, on Flickr

278 by tehshadowbat, on Flickr

282 by tehshadowbat, on Flickr

[djhannu]

Work underway at Alon, nothing happening at Resorts World:

http://vegasinc.com/business/gaming/...rmerly-the-ne/

Fountainebleau to get a coverup:

http://www.reviewjournal.com/busines...-strip-eyesore

[patriotizzy]

Thanks. I wish we got more Vegas updates. I've always liked their developments.

[mttbox]

Originally Posted by djhannu

Work underway at Alon, nothing happening at Resorts World:

http://vegasinc.com/business/gaming/...rmerly-the-ne/

Fountainebleau to get a coverup:

http://www.reviewjournal.com/busines...-strip-eyesore

oh wow, i was not aware anything of the Alon project, when did that happen?

http://news.worldcasinodirectory.com...gressing-17613

[N830MH]

Do you have a new photos of IKEA store in Las Vegas? Can I see it? Is still construction going on?

[jayguy]

I don't have any pictures, but the building exterior is pretty much done. It's a really big blue building with yellow letters. They're starting on the parking lot now.

I only live a couple miles away, I'll try to get a pic or two later.

[jayguy]

This is looking east on Sunset. They haven't started paving the parking lot yet, but have the curbs, etc. all set up.

[N830MH]

Originally Posted by jayguy

This is looking east on Sunset. They haven't started paving the parking lot yet, but have the curbs, etc. all set up.

Hey! Thanks for sharing the pics and looking good. Can't wait to be done soon. Hopefully the IKEA store will open in Summer 2016, but there is no specific date to be announced.