More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
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The Three Affiliated Tribes acquired 23 acres along Las Vegas Boulevard, but some tribal citizens believe money could be better spent on the reservation.
The White Sands Motel, built in the 1950s during Las Vegas’ mafia days, is a run-down property across from the Luxor that many people likely don’t even realize is there.
Vici Properties reached a deal to purchase financial giant Blackstone’s 49.9 percent stake in the properties, which are leased to casino giant MGM Resorts International.
Construction is underway on the 15,274-square-foot Museum of Illusions, which is scheduled to open in early spring 2023.
The permits were issued the same day the Clark County Commission approved Fertitta’s plans for a towering hotel-casino on Las Vegas Boulevard.
A court filing in June said “construction is imminent” at Hawaiian Marketplace, a shuttered property eyed for redevelopment.
Tilman Fertitta owns the Golden Nugget, but his latest purchase gives the business mogul a foothold in the heart of America’s casino capital.
Lily Funds founder Tom McManus sold 2 acres to a buyer who “requested to remain anonymous.”
Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.