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Question of the Day - 06 October 2019

Q:

What's happening with the Moulin Rouge site? There's an announcement, then nothing, then another announcement, then nothing. The latest was for a Strip-like resort that disappeared again. Did anything ever happen there? 

A:

Though no timetable or financing plan was announced, in late July, Las Vegas Moulin Rouge LLC revealed an ambitious proposal to build out the site of the original and enduring Moulin Rouge, the first integrated casino in Las Vegas (and therefore the nation) near downtown on the Westside.

The latest plan for the historic but star-crossed property would be divided into three phases.

Phase 1 would include a 400-room hotel, 25,000-square-foot casino, restaurant and buffet, 1,200-seat showroom, 200-seat jazz center, convention space, nightclub, pool, spa, and retail. Phase 2 would include an expansion of all the facilities, including a 1,000-room hotel tower. Phase III would debut mixed-use residential and office space and a 12,000-seat arena.

Total cost: $1.6 billion. The original Moulin Rouge was built for $3.5 million.

Moulin Rouge LLC was put on a very tight leash. It had to come up with and deposit the full $9.5 million purchase price into an escrow account as proof of funds by the Tuesday following the announcement, July 30.

Well, July 30 came and went and, not surprisingly, no $9.5 million went into any escrow account. The LLC principal claimed that the money was forthcoming and simply stalled by a banking technicality; it would be deposited by the following Friday, August 2. Well, August 2 came and went with no money to show for it. And we haven't heard a peep about it since.

Las Vegas Moulin Rouge LLC has (or had) some competition for the property: Anderson Capital Fund. Anderson reportedly submitted a $9.9 million offer, but nothing has been heard from them either. 

Seems like business, or a lack thereof, as usual for the Moulin Rouge. Or, as Anthony Curtis wrote recently, "Next!"

 

What's happening with the Moulin Rouge site?
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Comments

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  • David Miller Oct-06-2019
    Ain,t going to happen...
     Just like the Grosjean blogs....

  • Oct-06-2019
    For the record . . . . .
    It's sad when famous people who are ignorant try to act culturally knowledgeable; they just wind up embarrassing themselves.  Because it seems that everybody from Rosie O'Donnell to Jay Leno (and plenty of others in between) are so dead-set on mispronouncing the name (a French one) of this storied place, I'd like to set the record straight and get everybody in our group to be pronouncing it correctly.  Rosie & Jay have been saying "MOO-LAWN".  That is wrong.  It is pronounced "MOO-LA(n)", which is "MOO-LAN" except that the "N" is nasalized instead of mouthed.

  • Oct-06-2019
    Just curious . . . . .
    I haven't heard any word about this, but is there any chance that the new Moulin Rouge would be geared toward an African-American clientele? While I'm totally in favor of racial diversity, I think there would be some kind of poetic justice if the very people who were discriminated against during the "Old Vegas" era were respected by seeing their presence & patronage being clearly desired. My mind is running wild with ideas for a culturally tailored place, but we could start by having an authentic high-quality soul food restaurant instead of a same-old-same-old chain or fast-food place. Instead of "Elevator", the device that carries hotel guests up to their rooms could be called the "Shaft". Instead of marble, the countertops in the rooms could be made out of Dolemite. The color scheme of the decor could be called "Foxy Brown". The TV could have a channel that only plays episodes of "Soul Train" and 70s' kick-ass movies starring Pam Grier or Jim Kelly. The possibilities are endless!