In a Nutshell
- Two towering arches will soon welcome everyone entering downtown Las Vegas from the Strip
- Construction of the “Gateway Arch” is set to start March 16 and end in September
- Mayor Goodman says the $6.5m project will evoke the gleam and allure that popularized the city
- Other big non-gaming projects are underway in Las Vegas.
The Twin Crisscrossed Arches
Twin 80-foot-tall crisscrossed arches (also called the “Gateway Arch”) are set to begin greeting the City of Las Vegas visitors. Construction work will begin on March 16, according to city officials.
The arches will extend across Las Vegas Boulevard adjacent to the Stratosphere between Bob Stupak and St. Louis avenues. The valuable attraction will be situated south of the city’s sign that features two showgirls.
While addressing the State of the City, Mayor Goodman said the blue arches will call up the shimmer and charm that made Las Vegas popular.
Officials expect the $6.5m project to be through by September.
However, the arches’ position right at the center of the Stratosphere is unlikely to help end the long-running argument as to whether the property is located downtown or at the Strip.
Downtown is Rising Up
It seems downtown is booming. With favorable gross gaming revenue in the past few years, the area’s casinos have enjoyed annual gaming growth continuously for more than half a decade.
The total win has increased by almost 37%, jumping from $500.9m in 2003 to $684.9m in 2019. Last year, the number of licensed casino establishments was 20, according to the Nevada Gaming Control.
The ongoing increase in play has resulted in several investments. However, none is as crucial as that of Derek Stevens, the owner of D Casino and Golden Gate. The tycoon has overhauled Fremont Street’s western end.
Stevens is constructing a 777-room resort on grounds that once belonged to the Glitter Gulch Club, Mermaids, and Las Vegas Club. The approximately $1 billion-worth property, called the Circa Las Vegas, will feature what the mogul claims to be the largest sportsbook in the world.
An official statement from the sports betting mecca explained that fans will be entertained at three levels on a 78m-pixel HD screen. That would be the largest sportsbook screen the world has ever seen.
Other Projects in the City
The City of Las Vegas is not just developing in the area of gaming. There are lots of projects going on in other industries.
Opening this summer are the 315,000-square-foot Expo at World Market Center Las Vegas and the Fremont Street Experience canopy. Situated at 435 South Grand Central Parkway, the Expo is a $90m complex, whose aim is to bring to downtown major trade shows.
The Blackstone Group partially owns the International Market Centers (IMC), the developer of the Expo. As a private equity giant, IMC owns The Cosmopolitan and has acquired MGM’s Bellagio, Mandalay Bay, and MGM Grand.
So far, the campus has booked the Holiday Gift & Craft Expo, Vegas Tuffest Junior World Championship rodeo, and Vintage Vegas Expo – three events in total.
Apart from the Expo, Zappos is repurposing its Burning Man Boeing 747 jet body into a unique tavern referred to as Turbulence. The online retailer bought the aircraft in August last year.