There are plans on file with Clark County for some kind of (re) development at the corner of Trop and LV Blvd. I've only found the text descriptions, not the actual plans, so I don't really understand what all it entails, but the point is, they have architectural plans and permits.
The trick is, do they have the capital? People who've seen what they've done with the AC Trop would say it appears they can handle a major development project, but all the analyst types I've read seem to doubt it. The stock price of Aztar (the owner), I've heard, is sort of artificially inflated by an expectation that someone will buy them out.
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