City of Las Vegas staff have agreed to recommend the council waive $1.9 million in civil penalties imposed on the land if a deal is reached.
The 1,224,485-square-foot resort that will replace them will tower 459 feet over Fremont Street on the north side of the Fremont Street Experience, across the pedestrian mall from the Golden Gate casino.
Downtown Las Vegas developer Derek Stevens is planning a 777-room hotel and casino along the Fremont Street Experience, the first bottom-up resort construction project in years for downtown Las Vegas.
When Clark County commissioners convene for their Nov. 15 meeting, they’ll have the option of codifying two hotel room tax increases to fund the upgrade of the Las Vegas Convention Center and the construction of a domed stadium in one fell swoop. But if Commissioner Chris Giunchigliani has her way, commissioners will take their time before raising the tax to finance $750 million in bonds for the $1.9 billion stadium project.