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Arrivaderci Tropicana

By Chuckmonster on Thursday, 12th January 2006 10:46am
  » filed under Las Vegas  comments: 0


All signs are beginning to point that THIS time the Tropicana is going to close for redevelopment.

- Aztar (Tropicana's parent company) hired Marnell Corrao Associates to design and estimate the financials of a Tropicana redevopment. Marnell Corrao did Borgata, Bellagio Spa Tower, Rio, Harrah's Reno & Tahoe and the 1991 Stardust renovation.
- SEC Filings last week showed that top Trop/Aztar Execs got their stock options vested - a golden parachute in case the shit hits the fan during a possible 'redevelopment period'.
- Investment firm Bear Stearns downgraded Aztar's stock to "underperform"
- They've already filed redev Plans with Clark County
- No reservations after April 14 (Again)
- Tropicana Atlantic City's boom may reduce risk of Trop Vegas offline during construction.

- Airplay has been closed.

Follow the link below to an in-depth analysis on the Las Vegas Sun



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