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  #2361  
Old Posted May 16, 2007, 6:55 PM
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MayDay MayDay is offline
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I'll be in Vegas this weekend, any requests for photos of construction projects?
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  #2362  
Old Posted May 16, 2007, 7:16 PM
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Quote:
Originally Posted by mdiederi View Post
How many acres is the Riviera lot? The most recent bid is $374 million from Bruce Eichner (the Cosmo developer), which sounds like a steal compared to the Frontier deal. Riviera executives are scheduled to review the bid on Wednesday. Riv Acquisition withdrew their lower bid on Monday but said they might come back with a higher bid.
I was thinking the same thing. Anyone do the math on the cost per acre for New Frontier vs. Riviera? Riv is not in as prime a location but I wonder just how much of a discount is warranted for that. It's not like it is next to Stratosphere.

Also, regarding Circus Circus: I wonder if MGM Mirage has consistenly said it is staying as a way to ensure the employees dont all start leaving for other jobs. Redevelopment of CC is a few years off and I would think that announcing a demolition within a few years would not be good for employee morale or longevity during this interim time period.
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  #2363  
Old Posted May 16, 2007, 7:38 PM
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Originally Posted by MayDay View Post
I'll be in Vegas this weekend, any requests for photos of construction projects?
PH Westgate, Fontainebleau and CityCenter

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Originally Posted by The_Analyst View Post
Riv is not in as prime a location but I wonder just how much of a discount is warranted for that. It's not like it is next to Stratosphere.
Don't forget that the Strat just recently sold for over a billion, of course that included some smaller casinos elsewhere, but the Strat was the main thing the buyer wanted.
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  #2364  
Old Posted May 16, 2007, 8:09 PM
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beets281 beets281 is offline
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You can really get an idea of how much taller the Plazzo is.

Encore and Trump.
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  #2365  
Old Posted May 16, 2007, 8:19 PM
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beets281 beets281 is offline
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The correct spelling of the Wynn's new building is Encore BTW.
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  #2366  
Old Posted May 16, 2007, 9:22 PM
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Oops, that typo thing is contagious. LOL

Where'd you shoot those photos from? The monorail?

You can see in that photo that the forms are off of the top of the core on Palazzo, so the core is topped out.

Last edited by mdiederi; May 16, 2007 at 10:44 PM.
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  #2367  
Old Posted May 16, 2007, 9:55 PM
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Riv Acquisition withdrew their lower bid on Monday but said they might come back with a higher bid.
Well, they just came back today with a $34 per share cash bid for the Riviera. It's a bidding war.

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  #2368  
Old Posted May 16, 2007, 11:34 PM
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The pictures were taken from the top of the Renaissance parking garage. Infact you can get a nice view of the building clusters from there.






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  #2369  
Old Posted May 17, 2007, 3:16 AM
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Ah yes, the Metropolis. A pioneer in the current high rise boom. Too bad the backside sucks. Did they backside was somehow invisible? It's not the only one.

Turnberry Towers also does it though. For the great Turnberry there is no excuse. Even Allure makes the backside look great even though the area behind it is a ghetto.

I do think Icon tried to do it also as well.

Nice pix.
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  #2370  
Old Posted May 17, 2007, 7:31 AM
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Great news about The Plaza

Great photos Beets.

The backside of Metropolis reminds me of the old days 20's-50's when they ignored the sides and back of buildings in most downtowns around the USA.
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  #2371  
Old Posted May 17, 2007, 4:00 PM
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Originally Posted by jazfingr View Post
Great news about The Plaza

Great photos Beets.

The backside of Metropolis reminds me of the old days 20's-50's when they ignored the sides and back of buildings in most downtowns around the USA.
And to add insult they left off the spire on top that was part of the original design.
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  #2372  
Old Posted May 17, 2007, 4:40 PM
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^^^^

Yes, that Metropolis is a big disappointment. I had high hopes for that project. There was one good thing that came out of it though. After it was built, new rules were enacted ensuring all sides of new buildings, surrounding the Strip, must be fully finished.
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  #2373  
Old Posted May 17, 2007, 4:53 PM
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Horse-drawn carriages downtown.

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A downtown reverend and his cowboy business partner got the giddyup on Wednesday to run horse-drawn carriages through scenic downtown Las Vegas.
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  #2374  
Old Posted May 17, 2007, 5:21 PM
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yeah I just read about that. I lov downtown of course but even I don't know what to think of this.

But you will never know if it works if you don't try it first. I just hope the valley's crazy drivers don't cause too many equine accidents!
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  #2375  
Old Posted May 17, 2007, 5:24 PM
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Once again the stadium that always makes news but never gets anywhere proposes yet another location. Just build the freakin thing already or stop wasting our time with these "proposals." This is worst than all the proposed Voyager Ferris Wheels we had back then.

Quote:
West Las Vegas among potential stadium sites
BY VALERIE MILLER

Talk about building a stadium in Las Vegas has developers on the move. Local businessman Jeffrey Fine is in the process of assembling land along Martin Luther King Boulevard for the proposed Las Vegas Events Center, while another developer has expressed interest, according to city officials and other sources.

As of last week, only one group had submitted questions to the city about building an events center. Nevada-based New Century Fun Parks has sent an inquiry to the city, according to Adam Sumner, the senior economic development officer on the project. A meeting is scheduled for Monday at 8 a.m., at City Hall, to discuss the events center project.

ALL IN THE FAMILY

Another would-be arena developer is eyeing a spot in West Las Vegas.

Jeffrey Fine, son of developer Mark Fine and the head of more than a dozen local Coffee Bean & Tea Leaf stores, is trying to acquire the 10-plus-acre site that includes the Cox Communications facility at 121 S. Martin Luther King, near Discovery Drive. The approximately 2.5-acre Cox complex belongs to Las Vegas Sun Publisher Brian Greenspun -- Jeffrey Fine's uncle. Greenspun's MLK Holdings is listed as the owner.

The site will be available soon. "The lease is up in 2008. That's why we are building our own building," said Cox spokesman Jürgen Barbusca.

The Cox building is across MLK from Costco Wholesalers and diagonal from land owned by Mark Fine. The elder Fine also has 17 acres at the northwest corner of MLK and Alta Drive.

Mark Fine acquired his parcel from Atlanta-based Ambling Development Co. for $27.6 million in February 2006. Resident protests had killed Ambling's proposal to build a $350 million condominium project there.

While the city only requires 10 to 12 acres as a minimum for building an events center, ideally it would like to see a larger project accompanying it, Scott Adams, the city's director of business development says.

That would make the combination of the potential Jeffrey Fine acquisitions and the old Ambling site attractive to the city, he adds. "So there is potential to tie the site together and maybe even more acreage," Adams opines. "That could be a large-scale development."

Retail, residential, mixed-use and restaurants could be staples of any project surrounding the Las Vegas Events Center, Adams says. That would enhance the potential profits.

Jeffrey Fine is also seeking to purchase the nearly 15-acre Desert Park Apartments at 100 S. Martin Luther King Blvd., just north of Costco, according to sources inside the city and neighborhood groups as well. Jeffrey and Mark Fine, and apartment owners Desert Park Holdings couldn't be reached for comment at press time.

ONE LITTLE PROBLEM

Even if Jeffrey Fine amasses enough land along MLK to develop the type of arena project the city desires, there may be one big strike against the site: The area is known for controversy.

Not only was the Ambling project quashed by neighborhood opposition more than a year ago. West Las Vegas residents have also fought a contentious battle for a neighborhood supermarket in the area for the past three years.

Vons vacated the shopping center at MLK and Lake Mead Boulevard but still owns the lease on Edmund Town Center, thereby controlling who the future tenant will be.

City officials were on the receiving end of plenty of blame at a community meeting last week. The gathering at Dolittle Senior Center on J Street brought out hundreds of residents to hear proposals from grocers including Tesco, Save-A-Lot and Mario's Westside Market. The city is offering to give $5 million in construction costs to the store selected.

While not mentioning the Martin Luther King-and-Alta area, Adams said the city had a desire for non-controversial locale for the events center. "We want to put it on a site that has the maximum impact, most chance of success. Obviously, one that might get caught in public controversy is not what we want," he added.

STICKER SHOCK

Any potential arena will likely have more than enough controversy to go around. Last year, the task force studying the arena estimated its price tag to be $404.7 million, not including infrastructure and property acquisition.

Without public money, the task force estimated the arena would lose $10.9 million annually over 30 years. That would amount to $17.3 million a year if an NBA or NHL team was to play there and share in the revenue.

Adams believes the project is workable without public funds. "Absolutely, you could do it without public money, but the problem is you would have to have the perfect site," he said. "You might be able to do that."

The city is considering using a newly-enacted Tourist Improvement District designation as a way to help finance an events center, he says. That would allow the city to rebate sales tax dollars to project developers.
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  #2376  
Old Posted May 17, 2007, 7:28 PM
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This is worst than all the proposed Voyager Ferris Wheels we had back then.
Now that the Montreux is cancelled dont be surprised if this project is proposed again
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  #2377  
Old Posted May 18, 2007, 12:48 AM
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Ferris wheels aren't that bad actually. Singapore is doing one. It's just that you need to have it in a good location. In many other cities a ferris wheel instantly becomes a focal point on the skyline. For Vegas though, simply sticking one in on the strip won't cut it. It will be overshadowed by other hotels.

I thought the original Rio location for the Voyager wasn't that bad.
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  #2378  
Old Posted May 18, 2007, 2:59 AM
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Originally Posted by Superfish View Post
Ferris wheels aren't that bad actually. Singapore is doing one. It's just that you need to have it in a good location. In many other cities a ferris wheel instantly becomes a focal point on the skyline. For Vegas though, simply sticking one in on the strip won't cut it. It will be overshadowed by other hotels.

I thought the original Rio location for the Voyager wasn't that bad.
Yeah same here about Voyager. If they do build a ferris wheel it should have cool color and shape changes to it at night like the ones in Japan. We need more neon in Vegas!
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  #2379  
Old Posted May 18, 2007, 3:52 AM
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A flashing one eh? That would be pretty cool. We don't know yet but if many of the newer hotels will just have one single color on all the time at night it will be kinda drab.

A couple flashy lighting ones like that used with the Palm's logo, and of course the Stratosphere's nighttime pod lighting lights gives the city a more dynamic feel.

A 400ft wheel doing this will just take it to the max..
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  #2380  
Old Posted May 18, 2007, 3:54 AM
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</double post>
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Last edited by Superfish; May 18, 2007 at 10:07 PM.
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