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The Future of Barbary Coast

By Chuckmonster on Sunday, 16th October 2005 12:50pm
  » filed under Las Vegas  comments: 0


The Las Vegas Sun is reporting on Boyd Gaming's plans for the Barbary Coast Site. The main option on the table is a high-rise development. We wonder if this isn't a mirror of the Steve Wynn Caesars parking lot ploy that gave Wynn the capital infusion to begin his casino empire. Possibly Boyd is huffing and puffing on the fire of development in hopes that Harrah's ups their potential ante to take the parcel - and complete their monopoly of the east side of Las Vegas Blvd. It will be interesting to see how this plays out.

From the Sun:
Boyd Chairman Bill Boyd said Thursday that the Barbary Coast would make a spectacular location for a high-rise resort.

Many have speculated that industry kingpin Harrah's Entertainment would do whatever it takes to acquire the property, which lies smack-dab in the middle of its collection of casinos near the Strip's intersection with Flamingo Road.

Harrah's already owns Bally's/Paris Las Vegas, the Flamingo, Caesars Palace and Bourbon Street and has agreed to buy the Imperial Palace.

Boyd said his company would "never close out the possibility" of a trade or sale of the Barbary Coast, but that the property is "very valuable to us. It's the most trafficked area on the Strip. We think the possibility of a high-rise development (makes for) a tremendous potential for redevelopment."



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