Published: August 14, 2007 at 11:26 PMI don't know if every aspect of the plan will ever be realized (the snow dome seems particularly suspect) but much of it is pretty standard fare for the new hotels. The credit markets will gladly fund a hotel/casino if the cash flow projections look solid and the restaurants, nightclubs, etc. are all part of the standard package.
As for the theme park, there are so few details that it's impossible to predict the likelihood of what will happen. Will this "internationally branded" park be paid for by one of the big companies like Busch or Universal (or whoever the internationally known company might be)? Or is this going to be some sort of licensing deal to tack a brand name on something that the hotel builds? If the latter, then memories of the MGM Grand "theme park" rise uncomfortably to the surface. What a fiasco that was! I suppose someone like Cedar Fair could step up and build a park, but I have that's just idle speculation on my part. Without the resort giving more than vague hype.
Overall, I guess I agree with you Robert. I can see a lot of this project coming together but am not convinced that all of it will be developed. I would also be concerned that some of the more ambitious aspects could be closed within a year or two even if they are built.
Published: August 15, 2007 at 8:52 AMA 63 acre park seems kind of small. I was at Valleyfair recently and that park is 90 acres and I thought that seemed cramped with the number of rides they had crammed in. I can't imagine a park that is only 2/3 the size being decent.
Published: August 15, 2007 at 11:30 AMIf it all comes true, and I mean ALL of it...sign me up!!! Sounds like an awesome plan, vague, yet interesting. Loving the indoor water park idea, cause the last place I want to be in Vegas is outside. I'll pass on the outdoor water park, i really dont want to get fried. Besides, I got BB/TL here to keep me busy. Overall it should be a major income boost to the city. Lots of luck to them.
Published: August 15, 2007 at 6:00 PMInteresting!
However, didn't they learn from MGM Grand? Granted MGM didn't put all their effort into it at the end, but still. I would assume that they have the market