Las Vegas’ long-delayed north Strip resort has seen owners come, go and, in one case, return.
Tourism
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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.”
A tribal nation that acquired most of the Route 91 site is buying the former White Sands Motel for more than $10 million.
The hotel-casino’s shopping district will span 90,000 square feet and feature around 35 “luxury retail concepts.”
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
Nigro Development is scheduled to hold a ribbon-cutting ceremony Tuesday for a 119-room TownePlace Suites.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
After years of seeing big plans come and go, the north edge of Las Vegas’ famed casino corridor is showing more momentum than it has in years.
The English Hotel, a 74-room boutique property, is affiliated with Marriott International and slated to open Feb. 22.
The ultra-low-cost carrier flew almost 3.9 million passengers in the third quarter, up from just over 2 million during the same period last year.
Lone Star Funds, former owner of the site along Las Vegas Boulevard, obtained county approval in 2012 for a 7 million-square-foot project.
Observers have said the north Strip property could initially siphon guests from competitors but also boost tourism overall to Las Vegas.
UNLV’s Center for Business and Economic Research predicts that visitor volume in Southern Nevada will climb 57 percent this year and 13.2 percent next year, following its 55.2 percent drop in 2020.