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Posted At : February 2, 2009 04:09 PM | Posted By : D McKee
Related Categories:
Downtown,Sheldon Adelson,Tropicana Entertainment,Economy,Tamares Group
This image, taken Saturday at the Plaza Hotel & Casino downtown, pretty much speaks for itself. Auction holders Real Estate Disposition Corp. were scheduled to hold another auction today. The choice of the down-on-her-luck Plaza as venue is apt ... although if the REDC had a sense of black humor, it'd hold its foreclosure auction at the in-Chapter 11 Tropicana Las Vegas.
Photo: © Erik Kabik/RETNA
The best thing that could happen to the Plaza would be if this Forest City casino project went through, just behind the Plaza on a portion of Oscar Goodman's famous 66 acres. The potential foot-traffic benefits are obvious and brand-new competition downtown might finally force owner Tamares Group to get off its duff and reinvest in the Plaza -- assuming it hasn't flipped its misguided real estate play and fled town by then.
Another Benny Binion descendant dies before his biblical allotment of three score and 10 years has run its course.
It's a trend! The prime minister of China is the latest shoe-throwing victim. If this continues to catch on, it could really liven up shareholder meetings -- especially those of Las Vegas Sands.
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