Gioconews Casino – Las Vegas, the experts: ‘The Strip will stretch’

According to experts, the Las Vegas Strip could get even longer in the future.

The Strip in Las Vegas could it be extended with the main sports facilities booking it at the north and south ends?
It’s possible, according to two gaming industry experts who approached members of Naiop Southern Nevada, the Commercial Real Estate Development Association.

Alan Feldman, distinguished member of the UNLV’s International Gaming Institute and former executive of MGM Resorts International, e Josh Swissman, founding partner of the Las Vegas-based Strategy Organization, discussed the future of the Strip in a one-hour presentation for the 635 members of the Naiop group at The Orléans.

As we read on the Las Vegas Review-Journal in an article by Richard N. Velotta, Feldman said it is possible in the distant future that the Strip can extend south fino all’M Resort a Las Vegas Boulevard e St. Rose Parkway.
But in the next decade, Blue Diamond Road and Warm Springs Drive could be the southern end of the Strip with the new resort and NBA-ready 20,000-seat arena being developed by Tim Leiweke’s Oak View Group.
“If I look at the track record of Tim Leiweke and his colleagues, I have a feeling that we will see a slightly different variant, sort of Resorts World 2, in that part of the Strip,” Feldman said in a post-presentation interview. “They just have to have an NBA team there, which I think is for everyone’s benefit.”

Meanwhile, Swissman claimed that the prospect of an MLB stadium near Las Vegas Boulevard and Sahara Avenue could extend the Strip to the north.
The Oakland A’s executives have been in talks with Phil Ruffin, owner of Circus Circus and the 37-acre Las Vegas Festival Grounds on the southwest corner of that intersection.
The As have received permission from Mlb to explore relocation as they negotiate a $ 1 billion stadium within a $ 12 billion mixed-use development at Howard Terminal on Oakland’s waterfront.

Swissman also expects the north end of the Strip to become a hub for development with the opening of the Fontainebleau resort next year.

“You’ll definitely see new hotel towers popping up from existing operators, whether it’s Resorts World building their second phase – which is as big as the first – or you see it doesn’t take too much speculation to think that the Seminole Tribe and the property Hard Rock on The Mirage are building additional hotel rooms for a number of different reasons, ”said Swissman.

“You will see more development on land than existing operators and you will also see, in my opinion, a better public transit system in and around the Strip,” he said. “The monorail was the start of that thought process, but with the (Las Vegas) Loop (an underground transportation system developed by Elon Musk’s the Boring Co.) being what it is and with the aggressive growth plans they have , I think that the way you get on and off the Strip will now look very different from how you will in 10 years.
Feldman believes that a baseball stadium is a possibility on the North Strip.
“I think the baseball situation is very much at stake despite what’s happening in Oakland,” said Feldman. “I have yet to hear anyone in Oakland take a step forward with a financing plan, while here are a couple of individuals or companies who may just be making the decision that they want a baseball stadium for their development. Baseball stadiums, while expensive, aren’t as expensive as a brand new hotel. “