Checking Back:
Downtown has more misses than hits so far
Tuesday, Sept. 9, 2008 | 2 a.m.
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There are no certainties in the ongoing revitalization of downtown Las Vegas. Just look at Neonopolis — or maybe don’t. It’s painful. Instead, why not check in on some other schemes and dreams?
In January 2007 city officials projected the completion date of the Fremont East district as late summer of that year.
Analysis: The district, complete with a giant illuminated cocktail glass and semiaccurate historical medallions, opened in the second to last week of August.
Three sevens
“This is one of the biggest steps I’ve been involved in since I came to City Hall.” — Las Vegas Councilman Gary Reese, July 2007,speaking of the proposed REI arena-casino-condo project.
Analysis: The $9.5 billion project has apparently fallen apart. The land it was to be built on is up for sale.
No sevens
“Folks will be driving through our urban core and seeing these iconic signs out there. It’s just going to be fun.” — Mayor Oscar Goodman, September 2007
Analysis:Maybe someday, but not today. The first two classic neon signs, the Binion’s H and horseshoe and the Silver Slipper’s silver slipper, were supposed to be installed on Las Vegas Boulevard by April. The project continues.
One seven
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There is a reason why government run development doesnt work.
If it would work, the private sector would have already built it.
There are plenty of signs that progress has been made in the downtown area.
1. outlet mall added stores, parking and is busy.
2. union park is building with more projects immiment.
3. furniture market has over 4 mill.sq. ft. and more to go.
4. Molasky bldg. and IRS bldg. open
5. Soho and Newport finished and Juhl condos will be finished before year end.
I could go on, but you get the point, downtown has made progress. Some are to myopic to see.
I agree with laguna. Despite bleak reports in the media and elsewhere, we visit Las Vegas frequently and have been amazed by the continuing growth and activity over the last year. Downtown has so much potential and it's clear to see, it will be the hub of Las Vegas in years to come. Of course there is always risk, but for us, this is the perfect opportunity to buy and that's exactly what we are doing. Then again, it's not always just about money. The Juhl is our pick by far.