Tropicana Demolition Scheduled for Autumn, Clearing Path for A’s Baseball Stadium
Thursday 25 de April 2024 / 12:00
⏱ 1 min read
(Las Vegas).- Clark County has granted a commercial demolition permit to Tropicana owner Bally’s Corp., estimating the hotel’s implosion value at $15 million.
The permit application was filed April 11 and approved April 20. Bally’s has until Oct. 20 to carry out the demolition, according to county records. The permit is ready to be issued, pending Bally’s paying over $48,000 in fees associated with the application.
Plans call for the Rat Pack-era hotel to be brought down to make way for future development on the site, including the Oakland Athletics’ planned $1.5 billion, 33,000-seat ballpark.
Bally’s Chairman Soo Kim told the Las Vegas Review-Journal on Wednesday that the company is planning for a September or October implosion of the property. But that is dependent on demolition company GGG Demolition Inc. obtaining the proper permits.
“There are some preconditions that have to be met that they are working on,” Kim said in an email to the Review-Journal. “If not that, either way it will be done.”
Gaming and Leisure Properties Inc. owns the land the Tropicana sits on, while Bally’s owns the Tropicana and pays GLPI a ground lease. GLPI has pledged $175 million toward shared costs on demolition and construction of the A’s ballpark. Kim noted that the $15 million demolition fee will be covered by that funding.
The Tropicana closed its doors on April 2, just shy of its 67th birthday, to start preparing the site for demolition.
Categoría:Casino
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País: United States
Región: North America
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