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Say It Ain't So: Klondike Vegas To Close

By Chuckmonster on Monday, 9th January 2006 5:23pm
  » filed under Las Vegas  comments: 0

   

For 45 years, the Klondike Hotel & Casino has stood at the southernmost edge of the Las Vegas Strip. But instead of embodying history it may soon be history.

Last September, the land under the Klondike was purchased by Royal Palm Las Vegas, a subsidiary of Boca Raton, Fla.-based condominium developer Royal Palm Communities. Royal Palm intends to build a condo-hotel casino resort of 1,000 to 1,600 units on the site and on land immediately to the north, adjacent to McCarran International Airport. Potential construction on those 10.6 acres is height-restricted at 20 to 25 stories and zoned for a maximum of 1,800 units, according to Royal Palm CEO Daniel Kodsi.

"Like anything else, progress takes its toll, my friend," said Klondike owner John Woodrum, who has run the grind joint for decades. "You can only stand in the way of it so long and it rolls over you."

The days of the Klondike Hotel are numbered now that the site has been bought for a condo-hotel development.

Woodrum hasn't made any announcement yet. "When I have a fixed time that I'll be leaving, then I'll let everyone know. That could be as much as two years down the road."



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