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The New Face of Downtown

By Chuckmonster on Monday, 21st March 2005 1:41am
  » filed under Las Vegas  comments: 0

   

Former New Hampshire resident Stephen Crystal sees profits where others only see prostitutes. He spies opportunity where others see slums and bums.

The president of Barrick Gaming Corp. has ambitious plans to revive the fortunes of downtown Las Vegas, a gritty area that has long foundered in the shadow of the more prosperous Strip.

While powerful gambling companies shun investing in downtown — once written off as dead — Barrick is investing heavily.

The company has staked its fortune there, snapping up large swaths of land valued at more than $200 million.



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