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North Strip Readies for Building Boom

By Chuckmonster on Tuesday, 22nd November 2005 7:35am
  » filed under Las Vegas  comments: 0

   

From the Las Vegas Sun:
With land prices continuing to rise and condominium towers coming out of the ground at the Strip's north end, the Stardust and the recent buyers of the nearby Westward Ho have redevelopment plans under way and say they aren't waiting for others to build first.

Meantime, the owners of the Riviera and the New Frontier are choosing to play a waiting game.

Officials with both hotels say they're in no hurry to redevelop their properties, which have benefited enormously in recent years from soaring land prices.

The Riviera's owner decided last week to end a nine-month search process during which the company discussed potential joint venture partners, refinancing deals, mergers and remodeling plans.



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