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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Vici Properties generated $2.6 billion in revenue last year and said about 45 percent of the haul stemmed from its properties on Las Vegas Boulevard.
A North Dakota tribal nation closed its $10.25 million purchase of the former White Sands Motel site last week.
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.
Las Vegas’ famed casino corridor is a highly lucrative and competitive tourism market, where massive resorts offer extensive and ever-changing menus of amenities.
Construction crews recently turned the low-slung Cable Center Shops, Boulevard food court and outdoor Fatburger eatery with slushie bar into piles of rubble.
One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
A long-shuttered motel site on the Las Vegas Strip is getting a new owner: a North Dakota tribal nation that owns nearly 22 acres along the south edge of the famed resort corridor.
The developer said he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.