I heard that the folks at the Bellagio were considering closing the fountain, filling in the lake and putting in a some shops. Is there anything to this?
Yes, there is.
A year ago last May, the late great Robin Leach reported and "confirmed" that "top MGM execs" were "in preliminary discussions" about draining the 8.5-acre lake and replacing it with a "boutique shopping and restaurant promenade."
Immediately, MGM issued a statement: "We have no plans or intention to eliminate the iconic Bellagio Fountains, one of the most identifiable tourism landmarks in the world.”
Leach subsequently noted that MGM didn't deny that the idea had been considered. He wrote, "I was reliably told that it was apparently Steve Wynn's decision to replace his current golf course at Wynn Las Vegas with the new Paradise Lagoon water attraction that triggered Bellagio executives to analyze the incredibly valuable real estate that earns the hotel nothing. 'It has had a long run as a tourist attraction, but now it’s time to make it a revenue earner,' I was told. 'Steve’s new water park will become the new attraction on the Strip. MGM wanted something entirely new for Bellagio.'"
This idea resurfaced last April 1 and we've seen scuttlebutt that it was originally an April Fool's joke, or that Robin Leach invented it, or that the same MGM bean counter who came up with paid parking floated the proposal, which got shot down.
Thinking it through, the fallacy, in our opinion, is that the fountain show earns the hotel nothing. Bellagio’s fountain-view rooms are more expensive. Tables overlooking the fountain at Bellagio’s restaurants are in constant demand. And millions of visitors a year are drawn to Bellagio to see the fountain show; certainly, at least a few wander inside and spend money.
As one wag commented about possible boutique shopping in that space, “I’m not sure that a 'Pottery Barn View' room would net quite as much for the hotel.”
We also wonder how replacing the pirate show with a CVS has worked out for Treasure Island overall.
So we’ll lay this one to rest -- until we see a press release from MGM announcing the replacement of what they themselves call "one of the most identifiable tourism landmarks in the world." Which, we might add, we’re not expecting anytime soon, given that the last one we saw concerned countersuing the victims of the October 1 shooting -- a suit in which, in case you didn't see the item in Vegas News on this site on Thursday, MGM lost the opening round.
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