Viva Las Vegas Mega Resort Project Plans By Station Casinos Unveiled
Viva Las Vegas mega resort project plans By Station Casinos unveiled. Station Casinos may outshine the $7.4 billion Project CityCenter Las Vegas. Their future real estate development would encompass 110 acres of west of I-15 and Tropicana Ave, current location of the Wild Wild West hotel, warehouses, restaurants and retail shops.
This would be Station Casinos Las Vegas biggest development in their history. Currently called Viva, a $10 billion planned mixed use real estate resort with a large casino, 5,200 hotel rooms in three Las Vegas hotels. A possible arena could be an option.
President of Station Casinos, Lorenzo Fertitta, had an originally thought of a hotel casino but real estate acquisitions created the scope of a resort project. Frank Fertitta III, CEO, said based on density it would eclipse Project CityCenter.
Viva Las Vegas has been in the planning phase for over a year. Based on a previous development, Red Rock Station Casino, that took four years of planning before construction begins. Las Vegas real estate acquisition has been commencing for the past nine years. Waiting for MGM Mirage to finish Project CityCenter would help Station plan their mega resort.
The current credit market crunch has caused delays in development for Tropicana, Crown Las Vegas and Cosmopolitan. Deutsche Bank says the casino developers won’t have a hard time raising capital because of its private status and track record.
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Viva Las Vegas mega resort project plans by Station Casinos unveiled.