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Interesting Article in todays WSJ about Vegas growth....

Discussion in 'Casino Industry & Development' started by BeeeJay, May 11, 2015.

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  1. BeeeJay

    BeeeJay President of The Red Lobster Hostess Satisfaction

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    http://www.wsj.com/articles/investors-place-new-bets-on-a-las-vegas-rebound-1431183841
     
    Last edited by a moderator: May 11, 2015
  2. Hobofrank

    Hobofrank Prime Minister of Idiocracy

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    meh I let my WSJ subscription lapse a couple years ago, any chance you can cut and paste it?
     
  3. Joe

    Joe VIP Whale

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    Me too, but the entire article is posted on the WSJ Facebook page.
     
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  4. Funkhouser

    Funkhouser In Charge of the Big Door

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    Correction. You can access the full article from a link on the Five Hundy Facebook group. I did not find a link on WSJ Facebook page.
     
  5. leo21

    leo21 VIP Whale

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  6. Joe

    Joe VIP Whale

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    https://www.facebook.com/wsj/posts/10153367134508128
    Just click on the headline and it takes you back to WSJ w/o a log-in needed.
     
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  7. Funkhouser

    Funkhouser In Charge of the Big Door

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  8. Kickin

    Kickin Flea

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  9. HoyaHeel

    HoyaHeel Grammar Police & Admin

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    Thanks to all who offered ways to find the full article and did not post it here, as we do NOT allow copy & pasting of full articles here - that's copyright infringement.
     
  10. Champster1

    Champster1 High-Roller

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    Thanks for posting. Interesting!!
     
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  11. RockyBalboa

    RockyBalboa VIP Whale

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    This is a good read...I'll post more on it later but I had no clue about the Asian themed place. That sounds interesting...
     
  12. waverunner

    waverunner BBHMM

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    The article is confusing to me. It says they own the land next to MGM and includes Walgreens and Travelodge. Is that 18 acres? Does that include Coca cola, Gameworks, the Movie Theaters, Hard Rock Cafe, etc?
    That part of the Strip, from MGM up to Harley Davidson, is for the most part, mostly t-shirt vendors and such, but does anyone know what 18 acres is on the Strip?
    Does it stretch from Harmon Way down to MGM Way, Blvd, St. Rd?
     
  13. 44inarow

    44inarow VIP Whale

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    18 acres is really not that much on the Strip. Let's put it this way, the lake in front of Bellagio is 8-8.5 acres. Based on the map in the WSJ article, it looks like it runs from Harmon to around where the Smith & Wollensky building is (or maybe includes that and stretches to the Coca-Cola World building), but it carves out Polo Towers, which is unsurprising because timeshares are a nightmare to buy out. It's why Jockey Club is still hanging in there.
     
  14. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Cosmo is on 8.7 acres. It would take some creativity, especially around the polo towers, but someone could build a couple of towers on that site. Will they? I doubt it.
     
  15. 44inarow

    44inarow VIP Whale

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    Creativity and money. The amount of time and effort to build that kind of foundation is enormous; there's no way a place like Cosmo gets built in today's economic climate. The only reason that project even happened was because the theoretical per-acre return was massive on condo sales (emphasis on "theoretical"). What I could imagine, though, depending on what it costs to buy the land, is something along the lines of the Lucky Dragon project, or something on the scale of Cromwell.
     
    Last edited: May 11, 2015
  16. Auggie

    Auggie Dovahkiin

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    If you follow the Facebook link that was posted that version of the article has images included in it and one is a map of The Strip that has the area under development highlighted to make it clearer.
     
  17. leo21

    leo21 VIP Whale

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    VegasChatter is saying the parcel is Hawaiian Marketplace. I thought it had already changed hands so I didn't think of it.
     
  18. jon95616

    jon95616 Low-Roller

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  19. chitownjohn

    chitownjohn High-Roller

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    It's more than Hawaiian Market place, it's nine parcels with the current tenants: Travelodge, Harley-Davidson Cafe, Smith & Wollensky, Walgreens, Hawaiian Marketplace, Chili’s, Fatburger, Fat Bar, Ginseng BBQ, Tamba Indian Cuisine, Tommy Wind Theater and Rathaus. It goes from Harman south to almost Park Ave - it does not include the Showcase Mall.
     
  20. Krh2o

    Krh2o MIA

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    How much will they have to pay some of these tenants to break the lease. Chilis just opened and spent about 3 mil on the build out. I doubt they have a short lease. This will be interesting.
     
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