Search
 

Tropicana Owner Mulls Expansion Timing

LAS VEGAS-Contractors are pricing the would-be 8,000-room addition and will provide estimates in October, Columbia-Sussex president William Yung said in a Tuesday conference call.

By Brian K. Miller | Updated on August 21, 2007

LAS VEGAS-Columbia Sussex Corp. may get started on its quadrupling of the venerable Tropicana casino resort sooner rather than later. In a conference call Tuesday, president William Yung said contractors are pricing the project and will provide cost estimates in October. “If the markets are stabilized at that time, we will move ahead with the project,” he said.

Clark County commissioners approved plans in March for the expansion of the 50-year-old, 1,880-room resort that occupied 34 acres at the heart of the Strip. Expansion plans call for more than 8,000 new rooms in five towers at the corner of Tropicana Avenue and Las Vegas Boulevard.

Last week, company spokesman Hud Englehart told the local paper here that credit markets were having an impact on development in Vegas, causing the start of the Tropicana expansion project to be delayed until at least 2008. Although no official announcement had ever been made with regard to the commencement of the project, “I think they had hoped to be in the ground” by the end of the year, Englehart tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.