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Raise the Roof : Moulin Rouge Gets 700M Investment

By Chuckmonster on Friday, 8th February 2008 5:00am
  » filed under Awesome!  comments: 0


The famed Moulin Rouge has moved a huge step towards its on-again/off-again rebirth today with the announcement that Republic Urban Properties LLC will invest a whopping $700 million dollars to rebuild the famed resort.

This is probably the closest the Moulin Rouge has come to actual resurrection in the fifty some odd years since it was bum rushed and closed by federal agents.

According to the current owners, Moulin Rouge Development Corporation, the project will be broken into three phases of construction that will completely revitalize the hard luck neighborhood.

Moulin Rouge Las Vegas Architectural Rendering 2008

Time frames for construction phases are posted on the MRDC website, but they are unrealistic and obviously out of date. They state that rebuilding the current Moulin Rouge casino and hotel would take approximately 1 year, which was to have started in March of 2007, making the Moulin Rouge's grand opening date about 6 or so weeks from today.

Plans for the second phase of construction includes acquisition of surrounding property, building a 500 room hotel, nightclubs, show rooms a bingo hall and some time share properties, all to be completed - in theory - in 2010.

Regardless of the out of date information on the MDRC website, it looks like all systems are go - including financing, the usual deal breaker - for the redev of the Moulin Rouge. Awesome!



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