LAS VEGAS | Boom Project Rundown! 2.0 - Page 105

BruceH · #**2081** Posted **Apr 19, 2007, 10:41 PM**

Quote:

Originally Posted by Bender13

Wow this is incredable news. I can't believe how much MGM Mirage is building. I'm sure it's just a matter of time before they purchase that Travelodge motel beween the Maxim site and Circus Circus to give them great Strip frontage South of Sky.

One thing I noticed from the article though is this

It sounds like Circus Circus could stay. This surprised me but it's still very early in the development and things could change.

Given MGM Mirage is a publically traded company they have to show a sound strategy for a money making property to Wall St. I would venture to say that Circus Circus will get imploded as it will be surrounded by Billions worth of new high end development that is setting the stage for North Strip. Their challenge is how to appeal to the middle market given everything else in North Strip is heading for ultra luxury status. Makes sense. Course they could take the Circus Circus clown and redo it in 24k gold - LOL.

mdiederi · #**2082** Posted **Apr 19, 2007, 11:55 PM**

Quote:

Originally Posted by kenratboy

'build it and they will come'

The demand for more development is already here. Back in 2000, when Clinton signed the bill to sell the land to Clark County for the new Ivanpah airport, it was projected that McCarran airport would reach its maximum capacity of 55,000,000 annual passengers by 2017, when the new airport would be ready. But now the projection has been revised to reach that maximum capacity by 2011 and the Ivanpah airport development might have to be accelerated.

"They" are definitely coming.

heyyoucharlie · #**2083** Posted **Apr 20, 2007, 12:01 AM**

Quote:

Originally Posted by BruceH

Given MGM Mirage is a publically traded company they have to show a sound strategy for a money making property to Wall St. I would venture to say that Circus Circus will get imploded as it will be surrounded by Billions worth of new high end development that is setting the stage for North Strip. Their challenge is how to appeal to the middle market given everything else in North Strip is heading for ultra luxury status. Makes sense. Course they could take the Circus Circus clown and redo it in 24k gold - LOL.

Of coarse they would keep Circus Circus...It's a freakin "CASH COW"!!!

I don't see Circus Circus going anywhere for a long time!!!

Superfish · #**2084** Posted **Apr 20, 2007, 12:53 AM**

I am excited about the new MGM development. It counteracts the letdown many felt with Echelon. MGM can do things right. With CityCenter at South and this new project anchoring the north, the line of hotels will finally be complete.

Expect taller buildings in any case as heights generally increase the further north you go on LV Blvd.

bobmcelligott · #**2085** Posted **Apr 20, 2007, 2:48 AM**

I too want to hear what Bruce has to say.

mdiederi · #**2086** Posted **Apr 20, 2007, 3:27 AM**

ScottG · #**2087** Posted **Apr 20, 2007, 3:48 AM**

i will say it - allure looks the best.....(i like the top)

GeorgeLV · #**2088** Posted **Apr 20, 2007, 4:59 AM**

Quote:

Originally Posted by BrianFey

No Way CC will be left intact. The property is too old, too spread out, and worth to little to salvage. I think they might keep the Adventure Dome, and incorporate it into the new major project, but the main casino, hotel, etc will be leveled. They have way too much valuable property not to take it out. I can see a City Center 2 on its way at the north end of the strip. I think the new hotel may be lower end like CC, and might even carry the old name, but I'll be shocked it they keep much of the structure if any intact.

The Adventure Dome is pretty lame as far as amusement parks go. I'd imagine most locals don't even bother with it consider to proximity of Vegas to real theme parks in SoCal. Perhaps our world's happiest mayor should give up his unlikely pursuit of a major league team sport and try to reel in an amusement park operator instead. (Also, when is someone going to come along and build another water park. I understand the economics that went into selling Wet'n'Wild, but why hasn't a replacement sprouted up off-Strip yet? It's a no-brainer with the summers around here.)

BruceH · #**2089** Posted **Apr 20, 2007, 5:12 AM**

Quote:

Originally Posted by heyyoucharlie

Of coarse they would keep Circus Circus...It's a freakin "CASH COW"!!!

I don't see Circus Circus going anywhere for a long time!!!

Probably a short term cash cow. MGM Mirage can't allow Circus Circus to be surrounded by high end casino hotels and then keep a mediocre aging property beside them. Image is everything in a publically traded company and after CityCenter they can't afford to do a cheap solution for their second act if they want to keep Wall St happy. How would you feel to walk past Shangri-La to go into an old aging casino hotel? Will take more than just a cost of paint to fix it. Wouldn't surprise me to see MGM announce their other two partners in the North Strip Circus Circus redevelopment project by year-end and reveal their future design for it. Encore, Palazzo luxury condos and casino hotel, Trump, Sky, Fontainebleau and Echelon already serve as guidance for what's yet to come for North Strip. Exciting times!!

mdiederi · #**2090** Posted **Apr 20, 2007, 5:24 AM**

Quote:

Originally Posted by GeorgeLV

The Adventure Dome is pretty lame as far as amusement parks go. I'd imagine most locals don't even bother with it consider to proximity of Vegas to real theme parks in SoCal. Perhaps our world's happiest mayor should give up his unlikely pursuit of a major league team sport and try to reel in an amusement park operator instead. (Also, when is someone going to come along and build another water park. I understand the economics that went into selling Wet'n'Wild, but why hasn't a replacement sprouted up off-Strip yet? It's a no-brainer with the summers around here.)

My prediction is that in the future new mid-level family oriented resorts will be built on the south Strip.

Vegas WET to acquire over 200 acres on the South Strip

Vegas WET

VegasBound · #**2091** Posted **Apr 20, 2007, 5:38 AM**

Taurus702B · #**2092** Posted **Apr 20, 2007, 5:45 AM**

Quote:

Originally Posted by VegasBound

Now that looks ugly.

Patrick · #**2093** Posted **Apr 20, 2007, 5:50 AM**

Amen.

VegasBound · #**2094** Posted **Apr 20, 2007, 6:05 AM**

Quote:

Originally Posted by Taurus702B

Now that looks ugly.

That's what they said about the Eiffel Tower after it was first built.

Actually I was 100% against the possibility of living a block away from that beheamoth but I have actually come around to being in favor of it. Part of my thinking is that if there is destined to be 4000+ rooms on that parcel anyways it might as well be something that makes a statement. Tallest building in the Western Hemisphere! The engineering and design of this building is actually very impressive. A little too space age looking for the neighborhood I admit, but I think it will look much better in reality than the renderings indicate.

mdiederi · #**2095** Posted **Apr 20, 2007, 6:14 AM**

I wouldn't be surprised if MGM and that Mubadala company from Abu Dhabi don't build something really tall on their new land. Why not? It's in the same zone as LVT and the Strat, and those Emirate development companies seem to be obsessed with supertalls.

mdiederi · #**2096** Posted **Apr 20, 2007, 6:15 AM**

A special planning commission meeting has been added for next week and the only item on the agenda is Fontainebleau (they spelled it Fontainableau in the title and Fountaebleau in the text, LOL). Basically, they are just going over the Development Agreement, but they mention that the resort will have a total of 7,046,928 square feet of developed floor space. I don't think that figure was included in the previous data. That's more than double the 3,100,000 sq. ft. we originally thought it was going to be.