Check out all that happened in Las Vegas in 2023!
Fontainebleau – NOW OPEN
The developers of Fontainebleau Las Vegas have successfully secured a construction loan worth $3.7 billion to finally complete the long-delayed project. The hotel casino, which will soar 63 stories high, is slated to open its doors to the public in late 2023. Fontainebleau Development and Koch Real Estate Investments worked together to arrange the financing for the highly anticipated resort. It will occupy a massive 25-acre lot and boast an impressive 9 million square feet of space. Once complete, the Fontainebleau will offer approximately 3,644 hotel rooms, and 550,000 square feet of convention and meeting space. Along with a wide range of amenities including gaming facilities, dining options, retail spaces, and health and wellness facilities. It is expected to be one of the largest resorts in Las Vegas.
Las Vegas Athletics – COMING SOON
Nevada lawmakers have granted their approval for $380 million in public financing earmarked for the construction of a new stadium to serve as the future home for the Oakland Athletics within the MLB. The currently proposed location for this new stadium is the site currently occupied by the Tropicana Casino. The stadium is being meticulously designed to host a wide range of other events, further enhancing its potential economic impact.
This endeavor raises echoes of the past when we invested in Allegiant Stadium, sparking concerns and skepticism about the expected return on investment. In light of these developments, the decision to make Las Vegas the new home for the Oakland A’s carries not only financial implications but also the promise of revitalizing the local economy and solidifying Las Vegas’ position as a hub for sports and entertainment events.
Formula One Grand Prix
Formula One (F1) made a high-octane arrival in Las Vegas from November 16 to 18, 2023, with the main race on Saturday. This evening race was strategically timed to alleviate traffic congestion around the iconic Las Vegas Strip post-event. The 10 PM local start time also accommodated European fans, offering them a convenient viewing experience.
The Las Vegas F1 Grand Prix holds a staggering estimated value of over $1 billion, poised to effectively double the economic impact of the Super Bowl. The inaugural Formula One Las Vegas Grand Prix was projected to make a substantial contribution to the local economy, with an estimated overall economic impact nearing $1.3 billion. This event promised to be a thrilling spectacle for both fans and the local economy, solidifying its significance on the global F1 calendar. And – it did just that!
BleuTech Park
Located at the junction of Las Vegas Blvd and Cactus, the ambitious Bleutech Park project stands as a monumental proposal with a budget of $7.5 billion, unfolding across a sprawling 210-acre canvas. The visionary concept entails the creation of a dynamic, mixed-use mini city that encompasses a diverse range of amenities.
At the core of this visionary development lies the incorporation of upscale residential spaces, offering luxurious living options that epitomize modern comfort and elegance. The blueprint also features a thriving business district comprising offices that are poised to be at the forefront of innovation, providing a platform for corporate excellence. The retail sector is set to flourish!
Entertainment enthusiasts will be captivated by the presence of a state-of-the-art entertainment venue, promising a plethora of events and experiences for both residents and visitors. For travelers, Bleutech Park will be an attractive destination, boasting world-class hotels that reflect the essence of sophistication and hospitality.
Durango Station – NOW OPEN
Scheduled for its grand opening on November 20th, the eagerly anticipated Durango Station represents a monumental $750 million resort project set to redefine the Las Vegas experience. This visionary destination is poised to feature a sumptuous array of offerings that promise to captivate and enthrall.
Durango Station’s opulent accommodations extend to over 200 hotel rooms, ensuring guests find themselves enveloped in luxury and comfort. With an extensive culinary palette, the resort boasts a diverse dining scene with no fewer than 15 restaurants, each designed to tantalize the taste buds with a range of flavors and cuisines.
The beating heart of this entertainment hub, the casino, is set to offer an exhilarating experience, beckoning gamblers to try their luck and enjoy the thrills of the gaming world.
All Net Arena & Resort
Entering its tenth year of planning and development, the highly-anticipated All Net Arena and Resort is a monumental $4 billion project that promises to revolutionize Las Vegas’s entertainment landscape. Spearheaded by the visionary entrepreneur Jackie Robinson, this ambitious endeavor seeks to bring an NBA franchise to the city, serving as a game-changing addition to the local sports and entertainment scene.
At the heart of this impressive development lies an awe-inspiring 863,000 square-foot arena, meticulously designed to accommodate up to 23,000 spectators. With four sprawling levels and the added innovation of a retractable roof, the arena offers a versatile space for a multitude of events. Furthermore, it boasts a stylish nightclub, adding a touch of nightlife glamour to the venue.
The All Net Arena and Resort aims to become a multi-purpose entertainment hub, hosting a wide range of events. These include, but are not limited to, basketball matches, hockey games, electrifying boxing showdowns, adrenaline-pumping rodeo events, and concerts.
Ariva Luxury Residence
Nestled at the intersection of Las Vegas Blvd and Cactus, an opulent $120 million luxury apartment complex is set to grace the city’s landscape. This gated haven represents a sophisticated community that goes above and beyond to cater to residents’ needs and desires.
Within this oasis, four lavish pools offer relaxation and recreation, while a rejuvenating spa adds an extra touch of indulgence. The clubhouse serves as a vibrant social hub, complemented by a yoga studio to enhance the wellness and fitness of its residents. Adding to the allure, LED swings illuminate the evenings, creating a magical ambiance. Sports enthusiasts will find their haven with basketball and volleyball courts, fostering an active and vibrant lifestyle.
Brightline High Speed Rail
Currently in the pre-construction phase and diligently exploring funding avenues, Brightline is on the cusp of realizing its vision for a groundbreaking high-speed electric rail link connecting the vibrant cities of Los Angeles and Las Vegas. With plans to commence construction in the near future, this ambitious endeavor is anticipated to carry a price tag of approximately $5 billion.
The centerpiece of this visionary rail project is an impressive fleet of self-propelled, all-electric multiple unit trains, engineered to achieve remarkable speeds of up to 150 mph (240 km/h). This technological marvel will reduce the travel time for the 186-mile journey from Victorville to Las Vegas to an astonishingly swift 1 hour and 24 minutes, ushering in a new era of rapid and efficient intercity travel. The Brightline High-Speed Rail holds the promise of transforming the regional transportation landscape and opening up exciting possibilities for commuters and travelers between these dynamic urban hubs.
