The owners of the property, Derek Stevens and his brother Greg, are hoping this next hotel and casino can continue to revitalize parts of Fremont Street. They still have no released many details as to what we can expect out of the new property.
"We want to respect the history of Las Vegas and the history of downtown Las Vegas. So it's a combination of new with the old. We're going to bring a lot of new amenities, but still respect what Fremont Street has to offer," says Derek Stevens.
Once demolition is complete, the construction phase can begin. That should last 2-3 years. A new hotel and casino isn't expected to be up until at least the year 2020.
ORIGINAL: There are signs of progress in downtown Las Vegas as more buildings come down to make way for a brand new resort. Las Vegas casino mogul, Derek Stevens, still has not revealed the name of the new resort, but told 13 Action News that over the next seven months we will see the transformation of an entire city block.
We met up with Stevens at the corner of Fremont and 1st Street. It's where he sees the beginning of months of tearing things down in order to build them back up again.
"What we are trying to do is get one clean city block," Stevens said. "And that allows us to continue to work through our design of the new resort we are building."
It was two years ago that Stevens purchased the Las Vegas Club, Mermaids and Glitter Gulch in order to demolish them and begin construction on his new project.
"Once some of the smaller buildings come down, then we will start taking the towers down,'' said Stevens.
We've already seen the departure of Vegas Vickie and Stevens said Mermaids is up next as crews move west from the middle of the block. Crews will be clearing out old familiar sites to make way for a new spectacle that Stevens assures us will be worth the wait.
"We want to respect the history of Las Vegas and the history of downtown Las Vegas. So it's a combination of new with the old. We're going to bring a lot of new amenities, but still respect what Fremont Street has to offer."