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Thread: Trump Las Vegas

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    Default Trump Las Vegas

    Trump plans high rise luxury hotel-condo tower in Las Vegas

    By TOM TAIT
    ASSOCIATED PRESS

    LAS VEGAS (AP) - Donald Trump filed plans Thursday to build what would be the tallest hotel on the Strip.

    The 64-story hotel-condominium tower would be built on a portion of the Frontier Hotel property, across from the Wynn Las Vegas resort project and next to the Fashion Show Mall, Trump said.

    Scheduled to begin construction early next year, the $300 million project would feature 1,000 hotel rooms, 50 luxury residential units of up to 10,000 square feet, a spa and restaurants. It would not have a casino, Trump said from New York.

    "It's a super high-end, luxury residential hotel condominium tower," Trump said Thursday.

    The project would be patterned after the Trump International Hotel and Tower in New York, Trump said.

    Trump is building the 1.6-million-square foot hotel in partnership with Phil Ruffin, who owns the Frontier. The project would have no immediate effect on the Frontier, Trump said.

    The 645-foot tall tower would barely eclipse two neighboring hotel-casino projects.

    Sheldon Adelson has filed plans to build a 53-story, 642-foot-tall resort next to his The Venetian hotel-casino on the Las Vegas Strip. The $1.6 billion resort called The Palazzo is scheduled to open in early 2007.

    The $2.6 billion Wynn Las Vegas hotel now under construction will be 50 stories and rise 613 feet above Las Vegas Boulevard. It's scheduled to open in April 2005.

    Trump International Hotel and Tower would top those projects, but not all others. The Stratosphere hotel-casino is the tallest structure in Las Vegas and west of the Mississippi River at more than 1,100 feet - but doesn't have hotel rooms above 24 stories.

    Construction would take about 24 months, according to Joel Bergman, whose firm, Bergman, Walls and Associates, designed the project featuring gold glass with white trim.

    Bob Klein, a senior Clark County planner who reviewed the plans, said several hearings are scheduled before county commissioners consider the project Oct. 6.

    In February, state gambling regulators approved Trump to hold a stake in the Riviera hotel-casino in Las Vegas. At the time Trump said the move was a foot-in-the-door licensing opportunity and didn't figure in his future Nevada plans that included building a high-end condominium tower.

    Regulators didn't discuss Trump's actions in the state in the 1980s that led to legislation against "greenmailing" of Nevada casino corporations. The greenmailing law was prompted in part by Trump's reported $31.7 million profit when Bally Corp. bought back his 9.9 percent interest in the company in 1987. Trump also made a $35 million profit from an investment in Holiday Corp.

    The Nevada law was aimed at stopping entrepreneurs from buying stock in public companies in hopes that the companies would buy back the stock at higher prices to avoid hostile takeovers.

    Trump has resisted the greenmailing label and has said he was simply paid for stock he owned.

  2. #2

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    Is it true Trump is going to biuld the Golden Gate bridge in Vegas?

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