Back in April, Zappos CEO Tony Hsieh's Downtown Project redevelopment group surprised onlookers with their purchase of downtown's Gold Spike Hotel & Casino for $22,040,330. It took less than a month for the main building to be re-modeled, stripped of a casino and on its way to become a de facto home base lounge for Zappos employees working a block away.
But after the Downtown Project bought the weathered Western Hotel & Casino for $14 million on March 14, no quick turnaround, remodel or upgrade was set in motion. The building has since been fenced off and left mothballed. While most of the hotel section has been demolished, local speculators believed the site would ultimately host a "a supermarket or a hardware store." The future may prove to be more old school.
Citing the current economic climate in Las Vegas making it difficult to secure a new tenant, the Western is applying for an extension of their inactive tavern and gaming license. The Downtown Project is described as considering the option of developing of the Western into a "new non-restricted gaming establishment," meaning they will be operating at least 16 slot machines. The City Council is expected to grant their license extension through Feb. 6, 2015.
· All Coverage of the Western Hotel & Casino [~ELV~]