Thursday, May 27, 2010

Lady Luck Reopening?

The Las Vegas economy must be recovering. Plans have been submitted to remodel and reopen Lady Luck. The downtown property near Fremont Street has been closed since 2006. It was only supposed to be closed for 1 year, but has remained closed and many people predicted that it would never reopen. Mayor Oscar Goodman has been pushing for something to be done with the property.

The plans call for putting a pool and deck atop the casino building, replacing 50 rooms with spa, fitness and meeting facilities, and upgrading the remaining 684 rooms. A pedestrian bridge linking hotel towers across Third Street will also be renovated.

A renovated hotel downtown would be very successful in my opinion. There are probably lots of people (myself included) who would like to stay downtown, but don’t want to stay in an ancient hotel room. Golden Nugget has new rooms in their Rush Tower but they might a little overpriced. If Lady Luck opens with nice new rooms, with a new casino they could do very well.

Adding a pool will also be a great asset. I'm not 100% sure, but I don't think many hotels downtown have pools (I know Golden Nugget has a nice one), so a great resort style pool downtown would be a huge draw.

Source: AP via Reno Gazette-Journal.