Home » VT News » Shit or Get Off The Pot Dept: The Tropicana

Shit or Get Off The Pot Dept: The Tropicana

By Chuckmonster on Saturday, 27th August 2005 3:48pm
  » filed under Las Vegas  comments: 0


With all of the recent buzz about Harrah's Entertainment Inc.'s plans for future redevelopment projects at the Imperial Palace and Bally's casinos, investors may be losing some interest in a long-discussed project at the Strip's southern end. Aztar Corp. has spent more than two years planning the potential redevelopment of its Tropicana hotel and casino -- a period that some observers say has cost the company and caused it to miss out on the latest wave of growth on the Strip.

The 1,900-room property, which dates from 1957, has become a rhinestone in a chain of diamond-league resorts that have sprouted north and south of it in recent years.

Redevelopment discussions intensified in early 2002 when the company bought out its 50 percent partner in the Tropicana, laid out a design plan for two interconnected resorts on the site and said a decision would be made on whether to build them by summer 2003.

Summer 2003 came and went. Another deadline for first quarter 2005 was missed when the company postponed its redevelopment plans indefinitely late last year. During Aztar's fourth quarter conference call, executives suggested that some kind of news would be forthcoming this fall -- a notion they have since dismissed.



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