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$100 million makeover of Downtown Grand, once the Lady Luck, to open Nov. 12

Profile Photo By: H L
October 9, 2013

$100 million makeover of Downtown Grand, once the Lady Luck, to open Nov. 12

A construction worker works in the pool area at the Downtown Grand in Las Vegas Thursday, Aug. 29, 2013. (John Locher/Las Vegas Review-Journal)The downtown Las Vegas resort property once known as the Lady Luck will reopen next month as the Downtown Grand, the property?s chief executive said Friday.

Seth Schorr, CEO of the Downtown Grand Las Vegas, said a ribbon cutting ceremony is set for Nov. 12. Schorr also said reservations were being accepted for rooms with availability beginning Oct. 27.

?We have been working hard on this project for several years,? Schorr said. ?The support of the entire downtown community has been overwhelming, and we look forward to adding another amazing element to the revitalization of Las Vegas.?

Schorr said the investment made by the property?s owner, CIM Group, in the Downtown Grand and the surrounding Downtown3rd neighborhood will be ?north of $200 million? when completed.

The price of the renovation, redesign and transformation of the Lady Luck into the Downtown Grand alone was about $100 million. The Downtown Grand at Third Street and Ogden Avenue is in the process of hiring 800 employees.

The Downtown Grand features 634 rooms, about 600 slot machines and 30 table games.

?This has been an amazing year for downtown Las Vegas,? Schorr said. ?The relocation of Zappos? headquarters, multiple new businesses in the Fremont East entertainment district and the upcoming Life is Beautiful festival are all proof that we are in the middle of a downtown resurgence.?

It?s also been a year that welcomed the transformation of Fitzgerald?s into the D, along with the renovations to the Golden Gate casino and creation of an $11 million zipline, called SlotZilla, that lets riders view Fremont Street from 120 feet above street level is nearing completion.

?If you look at shopping malls ? they are anchored by department stores,? said Stephen Brown, director and economics professor at the Center for Business & Economic Research at the University of Nevada, Las Vegas. ?Most of the stores are dependent on spill over from the big stores. Downtown Grand will serve a similar function.?

Click here to read more.

Source Review Journal, http://www.reviewjournal.com/business/economic-development/100-million-makeover-downtown-grand-once-lady-luck-open-nov-12

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