Is Las Vegas getting overdeveloped?

[bigalbr]

Just read this article on Slate.

http://www.slate.com/id/2129653/

Does this mean rates may be coming down on the Strip?

[Hunter]

The thing is that people have been saying this for 60 years (I'm not kidding). Vegas defies all odds.

[RossW]

Myself, I think it is a little over-developed.

My biggest concern is that it doesn't always continue to keep changing, and that some of the older places are left, go ahead and do some reno’s – sure.
- but don't develop Fremont like the Strip has been re-done over the years. Leave some "old Vegas" around for us "Nostalgic Types."

If the tap does go dry and things get tight, there is nothing worse for a place like Vegas then to have some closed and dusty casino's standing on Prime Real Estate, empty for a few years. I remember when the El Rancho was left in a state of neglect, it detracts from the whole Strip area. That place turned into a real eyesore. Same deal with the Showboat, mind you it was way out on it’s own on Boulder Hwy.

I just want it to continue to be reasonably affordable for an average middle class dude like me and not become a place that is "out of my league" looking at it from a cost factor.

Long Live the Plaza, El Cortez and the Las Vegas Hilton!!

Go ahead and raze the IP though, that wouldn't pull at my heart strings at all....:cry:

RW

[boxcars]

I have been saying on this board periodically I don't like the new Vegas as much as the older Vegas.

I love(d) the low-roller craps tables... such as the Plaza when it was $2 with 10X odds. Yeah... not any more.

Five bucks is about as good as it gets. I don't gamble to win (for the need of money), I gamble for the pure social entertainment value. That's why I love craps so darn much. No more going to Vegas on a $200 bankroll as I used to in the day.

[DonD]

Not too long ago, the Plaza was $.25 with 10 X odds. The dealers hated it.

[bigalbr]

I guess what I'm hoping for is a chance to get some cheap rooms in Vegas. Since it's clearly one of the most price sensitive hotel situations in the country, it doesn't take much of a drop in occupancy to cause some attractive mailers to go out.