Iconic Las Vegas Strip Casino Facing Likely Demolition (or Implosion)

[carolinakid]

Iconic Las Vegas Strip Casino Facing Likely Demolition (or Implosion) - TheStreet

While Caesars' Flamingo recently got a stay of execution, another legendary Strip property appears to be on the chopping block.

www.thestreet.com

 

[Tanko]

A's stadium to take Tropicana's place on the strip? Wow.
Sounds like its a done deal for the team to move.

 

[carolinakid]

yes it does Tank

 

[Bubbles]

i feel sorry for the people who will lose their jobs.

 

[2the9s]

A's stadium to take Tropicana's place on the strip? Wow.
Sounds like its a done deal for the team to move.

Interesting. The city will need to figure out funding. At least as of a few years ago MLB mandated that all new stadiums are funded through corporate welfare. Nashville is already working on building a MLB quality park in hopes of drawing a team, so Vegas would need to act fast.

Clark County added an additional hotel tax to fund allegiant stadium, and building a baseball dome on the strip wouldn't be cheap. It would be cool to have a baseball stadium on the strip, but I'm skeptical as to who will pay for it and if the stadium would be worth it considering the cost.

 

[Tanko]

Interesting. The city will need to figure out funding. At least as of a few years ago MLB mandated that all new stadiums are funded through corporate welfare. Nashville is already working on building a MLB quality park in hopes of drawing a team, so Vegas would need to act fast.

Clark County added an additional hotel tax to fund allegiant stadium, and building a baseball dome on the strip wouldn't be cheap. It would be cool to have a baseball stadium on the strip, but I'm skeptical as to who will pay for it and if the stadium would be worth it considering the cost.

So you're saying the NFL requris all stadiums to be funded by the city (corporate welfare) from now on? That is BS. SOBs make millions upon millions and teams are worth billions and tax payer has to pay for the stadium. I know, I know, the teams draw fans and revenue but I wonder if it is a losing proposition for some cities.

 

[Wagerallsports]

Vegas is always changing huh Bobby?

 

[BobbyFK]

Vegas is always changing huh Bobby?

Yes that it is. But it is a good thing it keeps people coming here

As far as a baseball stadium on the Strip is concerned I think that's going to be horrible. The traffic is already bad enough on the weekends and on Raiders game days but add in a baseball stadium to the mix and it's going to be worse. I'd rather they build it on the outskirts of town. There's plenty of land in the vicinity of the strip

 

[2the9s]

So you're saying the NFL requris all stadiums to be funded by the city (corporate welfare) from now on? That is BS. SOBs make millions upon millions and teams are worth billions and tax payer has to pay for the stadium. I know, I know, the teams draw fans and revenue but I wonder if it is a losing proposition for some cities.

I don't know about NFL, but this was MLB's policy in the early 00s. I think they now allow public/private partnerships, but I'm not sure what their exact policy is now. And yes, I agree it's BS. It might all be moot because I believe part of the issue with the A's moving is that the local gov't won't cough up money to John Fisher, their billionaire owner, for a new park.

T Mobile Arena just across the street from the Trop was privately financed, so it's possible to do it, but a privately financed dome on the strip would A) require some pretty deep pockets, and B) a person willing to open them.

 

[MinnesotaFats]

Interesting. The city will need to figure out funding. At least as of a few years ago MLB mandated that all new stadiums are funded through corporate welfare. Nashville is already working on building a MLB quality park in hopes of drawing a team, so Vegas would need to act fast.

Clark County added an additional hotel tax to fund allegiant stadium, and building a baseball dome on the strip wouldn't be cheap. It would be cool to have a baseball stadium on the strip, but I'm skeptical as to who will pay for it and if the stadium would be worth it considering the cost.

HUH?

Corporate welfare?

What exactly do you mean and what is MLBs role / rule? I'm not aware of any requirements so long as a team gets a competent place to play and signs a MLB approved lease w the facilities ownership if not owned outright.

Baseball stadiums are 9 figure investments and basically need/ require a substantial portion to be public bonds. However, numerous have Bern built w 0 (ATT PARK) or limited (Target Field, Jacobs Field) public money.

FYI I live in Nancy Jacob's old lake home in Minny

NFL stadiums are rip offs. Also 9 figure investments but with 1/10th the daily activity, they rarely ever return a plus money return to an ownership group/ public facility.