What’s up with the “new” parking lot at Las Vegas Blvd. & Harmon? I understand it’s a stalled Fertitta project; what are the plans for this prime location, other than this placeholder (and kinda weird) parking lot?
We imagine that only Houston billionaire Tilman Fertitta knows for sure what he plans to do, and when, if ever, with his $270 million six-acre parking lot at the corner of the Strip and Harmon. (It's $15 for up to three hours of parking, in case you're curious, though that's just a suggestion, same as at OYO. Last we looked, there were no gates, ticket machines, or attendants, just a QR code to scan and pay.)
Fertitta is currently the ambassador to Italy and San Marino (a microstate surrounded by northcentral Italy; it's the fifth-smallest country in the world, with a population of 34,042, and the world's oldest republic). So his presence and attentions are halfway around the planet. Indeed, he appointed his ex-wife Paige to take his place as the director and president of Fertitta Entertainment; she was licensed by Nevada regulators a couple of months ago.
After buying the property, Fertitta applied for and received approvals for a megaresort project with a 43-story 2,420-room hotel-casino, then demoed all the buildings -- a Travelodge, souvenir shops, tattoo parlor, and Tex-Mex restaurant -- on the parcel.
County officials granted one extension for the approved project and Fertitta Entertainment had until this Oct. 19 to begin work on the hotel-casino.
But late last month, Fertitta Entertainment announced that the megaresort has been canceled. Fertitta owns 13 million shares of Wynn Resorts stock, valued at $1.4 billion, and is Wynn's largest shareholder. Thus, according to the statement, building a competing high-end resort only a mile or so down the street would be "a conflict of interest." So the vacant property will remain a parking lot for the foreseeable future.
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sunny78
Aug-09-2025
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