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  #1  
Old 01-23-2011, 09:00 PM
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Default What's the next hotel/casino that will be demolished?


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With some of the properties on the strip starting to really show some age (Tropicana, Flamingo, IP), which property will be the next to be torn down to make way for the next new thing?
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  #2  
Old 01-23-2011, 09:19 PM
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Part of me wants to say IP because I think, "oh, well it's such a great location, if they built a new resort in that spot it would really sell well...."

But then the logical part of me comes in and says, "well Harrah's own's a great resort across from IP already, Caesar's Palace, so why would they want to compete with themselves? They have a fantastic, high end resort on the West side of the strip, and a run down resort on the East side of the strip. They're getting big chunks of both the high roller and low roller demographic with one central location"

Because of that, I say IP is not going anywhere anytime soon. Not until either Caesar's starts selling out rooms every night of the week, or one of the resorts changes ownership.
  #3  
Old 01-23-2011, 09:44 PM
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We're not going to see anything knocked down for many, many years. If I had to guess my pick would be one of the smaller casino hotels like Bills or Casino Royale.

Another possibly is Circus Circus or the Riviera after the main strip expands north to them.

Again, I don't see that happening any time soon.
  #4  
Old 01-23-2011, 10:44 PM
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Mischief

Echelon Place???
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  #5  
Old 01-24-2011, 12:24 AM
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The harmon at city center is supposedly coming down. It may not count since it never actually opened and is a simple case of bad construction that SOMEHOW made it past every inspection performed on the largest construction project in recent history but hey, things happen. As for whats really begging for the wrecking ball I can think of a few - basically everything north of Balley's till you hit V/P, The excalibur would make a sweet target, maybe toss in the tropicana. As was mentioned however nothing will be coming down on the strip for a long time except the harmon.

How is the jockey club still standing by the way??
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Old 01-24-2011, 03:57 AM
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Downtown i gotta imagine lady luck or plaza will go. obviously if either one of them actually completes their renovations and reopen, the odds of this decline.
I see mgm/mirage closing/selling off another casino. therefor, ill go with circus circus too.
i think the riviera and sahara have short futures as well
  #7  
Old 01-24-2011, 05:10 AM
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Quote:
Originally Posted by Hyler View Post
Part of me wants to say IP because I think, "oh, well it's such a great location, if they built a new resort in that spot it would really sell well...."

But then the logical part of me comes in and says, "well Harrah's own's a great resort across from IP already, Caesar's Palace, so why would they want to compete with themselves? They have a fantastic, high end resort on the West side of the strip, and a run down resort on the East side of the strip. They're getting big chunks of both the high roller and low roller demographic with one central location"

Because of that, I say IP is not going anywhere anytime soon. Not until either Caesar's starts selling out rooms every night of the week, or one of the resorts changes ownership.
Not so long ago that was Harrah's plan, they acquired everything south of Harrahs all the way to Flamingo Rd, plus some additional properties behind all that, so that they had a big footprint for a new mega-resort. But as you pointed out, they already have upscale places, and that's really not Harrahs' demographic to begin with. And Harrahs hasn't really built anything in LV since, well, Harrahs itself.

MGM has lots to pay off, plus open land on the north strip they can develop, so Circus Circus and Excalibur are safe for a while.

Tropicana is being remodeled, not demo'ed, unless you count the "garden rooms", one chunk of which has already been brought down.

I'm not so sure the Sahara is safe. New owners have talked about rehabbing it, but who knows.

If I had to place a bet, I suspect the Riviera might be next in line, but only if Echelon and Fontainebleu get finished off and opened.
  #8  
Old 01-24-2011, 07:43 AM
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The Trop would definitely be near the bottom of my list of older properties that will be demolished, due to the recent renovations they've undertaken with new owners. I think the next property to go will probably be at the north end of the strip: Riv or Sahara being the primary two, since they aren't part of the mega-chains and are already on the brink financially (with the Riv just having recently gone through bankruptcy).

That said, if the economy improves significantly to the point where we see Fontainebleau and Echelon coming back, then Harrah's could make plans for the area currently occupied by Harrah's, IP, O'Sheas, and Flamingo. It wouldn't have to be upscale, just a more coherent mega-resort, rather than a bunch of separate properties.

The Trop would be a possibility to go only if the economy improves so much that the land could be put to much more profitable use by demolishing the existing hotel/casino and building something larger in its place.
  #9  
Old 01-24-2011, 08:54 AM
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It's going to take a while. Remember before the big economy crash, the move was condos on the strip.

Now they can't sell houses in Vegas.


The Trop is going through a large renovation. Circus Circus could be replaced once some of the places north of the Wynn fill up.


Bills might have a renovation as they spoke of. Imperial Palace sucks IMO, but I don't think it's going anywhere for a while.
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  #10  
Old 01-24-2011, 09:09 AM
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Quote:
Originally Posted by Nevada Kid View Post
Echelon Place???
+1

oh yeah, that place is a graveyard...too bad they couldn't have waited on demolishing the Stardust
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