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Stations Plans Another New Vegas Property

By Chuckmonster on Friday, 27th May 2005 12:55pm
  » filed under Las Vegas  comments: 0


[ Editors Note: This article is mostly about Station's newly announced Reno destination, but buried within is a teaser for a new Vegas property, on Tropicana Blvd, just west of the Strip. Will it be another Palace Station-like locals property, or will they erect a Palms meets GVR-style resort for the upscale younger market. ] Station Casinos announced Wednesday it has agreed to purchase a second land parcel in Reno near the site of a planned open-air retail complex. The Las Vegas-based casino operator said it will build a casino complex on the location.

No timetable was given for the project, and the company did not reveal a sale price for the 50-acre site, which is on the southeast corner of the Mount Rose Highway and Interstate 395 in southern Reno.

The company is spending just less than $1 billion in Las Vegas to build the $800 million Red Rock Station in Summerlin and make $190 million in capital improvements to two of its existing casinos. It is also planning to unveil a development project on a 58-acre site near Tropicana Boulevard just west of Interstate 15 later this year.



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