Kudos to Chuck Monster for finding this fanciful rendering of SLS Las Vegas, presumably designed to mislead 
would-be EB-5 Visa investors from China and points East. Shazam! The former Sahara has miraculously floated down the Strip and over to Koval Lane, where it will sit opposite bargain paradise Ellis Island Casino, a popular haunt for Las Vegas Advisor staffers and other bargain hounds. Wow! I’m amazed how $400 million raised mostly from obscure overseas sources (and subject to visa-approval contingencies) can rewrite the geography of Las Vegas at a snap. Even Steve Wynn never managed that trick! As for the rendering, it’s so daffy, it makes me wish it were true. (Does it rise to the level of a “material misrepresentation” to investors?) And when is “Sam the Sham” Nazarian going to file for that long-promised gaming license? Whaddya wanna bet somebody has to bail him out of this project?
Still doubtful anything will happen there, but I have been seeing construction workers entering from the Paradise side every morning during my commute.
Somehow, though, I think he’s going to try to flip it.
Given the extent to which the place was gutted (right down to the machinery, I hear), how much of SLS’ announced plans can be achieved on $415 million? If Genting — which, unlike Nazarian, has deep pockets — gets going in earnest on Resorts World LV, could SLS start feeling some inflationary pressure?
One of my best sources says Carl Icahn had a $10 million-plus/acre (VERY plus) offer for F-blew but passed. After seeing Stardust land go for $4 million/acre, it looks as though Uncle Carl made a rare miscalculation.