The locals-focused casino chain has outlined plans to develop more projects and sell some properties.
Casinos & Gaming
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Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino resort.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
Major projects do get built in America’s gambling capital, and there are always people willing to spend time and money outside the casino floors.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
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