Two Way Hard Three | Las Vegas Casino & Design Blog
April 23, 2007
Ichan Sells Stratosphere, Arizona Charlie's, and More...
Posted by HunterLooks like billionaire Carl Ichan is selling off his casino assets, including the Stratosphere Tower, Arizona Charlie's (East and West) and a property in Laughlin.
Bloomberg has more on the deal, which is worth $1.3 billion. The buyer is a Goldman Sachs real estate investment subsidiary.
Update: More info here.
Thanks to VegasTripping.com for catching this one first.
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Recent Comments
- All Recent Comments on one page.
- Tom M recently commented "I think it matters that the Strat is actually in the city limits of Las Veg..." in Ichan Sells Stratosphere, Arizona Charlie's, and More...
- mike_ch recently commented "Obviously they had plans on what to do if the Strat didn't work during the ..." in Ichan Sells Stratosphere, Arizona Charlie's, and More...
- BillyInLasVegas recently commented "I would love to see the Stratosphere imploded, it would be like the implosi..." in Ichan Sells Stratosphere, Arizona Charlie's, and More...
- BrianFey recently commented "Goldman Slacks huh? Very Interesting. Those guys seem to have their finge..." in Ichan Sells Stratosphere, Arizona Charlie's, and More...
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Comments
Goldman Slacks huh? Very Interesting. Those guys seem to have their fingers in everything! I suppose IF, Mgm does a CC2 project, that could be worth some money down the road, but for now, its just too far north to get much attention. How would you ever take down that tower? I don't think you could implode something like that safely.
I would love to see the Stratosphere imploded, it would be like the implosion of the Landmark. But like Brian said can it be done?
They could make it collapse on all the crappy motels behind it...
Obviously they had plans on what to do if the Strat didn't work during the bankruptcy years. I don't think imploding the tower was ever an option, if the property closed the city would just take control and operate the tower while trying to woo someone to buy the resort at the base.
That didn't happen, though, so now the Council can spend money on stupid things like a futile effort to keep your plane out of McCarran from flying over the house because you're upsetting my neighbors. If noise is a big deal, don't move to a city with three air fields.
I think it matters that the Strat is actually in the city limits of Las Vegas. More taxes or beauracracy maybe?