Clark County commissioners gave the green light for a 43-story, 2,420-room project at the southeast corner of Las Vegas Boulevard and Harmon Avenue.
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Clark County commissioners are scheduled Wednesday to consider the Houston mogul’s plans for a 43-story, 2,420-room hotel-casino at Las Vegas Boulevard and Harmon Avenue.
The towering hotel project calls for restaurants, convention space, a spa, pools, wedding chapel, an auto showroom and more.
The 35-acre property features 1,470 rooms, 50,000 square feet of casino space, a 1,200-seat theater and 100,000 square feet of convention and meeting space.
The Pinball Hall of Fame was built over its property boundaries, encroaching on the soon-to-be-built Dream Las Vegas casino-resort.
The hotel-casino’s shopping district will span 90,000 square feet and feature around 35 “luxury retail concepts.”
The $5.65 billion deal was also the latest high-priced transaction in Las Vegas that did not produce a dollar of real estate transfer taxes.
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.
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.