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- 🎰🏢 Saying Goodbye to the Tropicana: Final Stays Come with Premium Price Tag
🎰🏢 Saying Goodbye to the Tropicana: Final Stays Come with Premium Price Tag
Issue #090 - March 6, 2024
John Wu
06 Mar
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📆 Weekly Local Events for March 2024
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Lunch and Rummikub Mondays at IHOP Summerlin (Every week on Monday @ 12PM
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR: (Every week on Monday @ 7PM)
Tuesday
Terrific Tuesday Fun Pickleball @ Police Memorial, Bring a Chair: (Every week on Tuesday @ 2PM)
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW): (Every week on Tuesday @ 5:30 - 7:30PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 6:30 - 8:30 PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting: 12 - 1:30 PM (Every week on Wednesday)
Live Music Yoga w/ Cheryl Slader @ Blue Sky Yoga: (Suggested Donation $12); 5:30 - 6:45 PM (Every week on Wednesday)
Country Swing Level 1 @ Rhythms Dance Studio & Event Center: 7 - 8 PM (Every week on Wednesday until December 17, 2024); $15 drop-in rate
$50 for the whole month. Pay and register on the website.
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour: 7 - 9 PM (Every week on Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Vegas Hikers - Ike’s Peak 4.3 Mile (southwest) 2 groups: 1:30 - 4:30 PM (Every week on Saturday until March 15, 2024)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
🌤 Summerlin South, Las Vegas Weather
🎰🏢 Saying Goodbye to the Tropicana: Final Stays Come with Premium Price Tag
For those aiming to experience a piece of Las Vegas history, staying at the Tropicana during its final days of operation will come at a steep price. The 66-year-old Strip landmark, which is closing on April 2nd to make room for a new Major League Baseball stadium for the Oakland Athletics, has significantly hiked its room rates. From Thursday, March 28 through April 1, the nightly rate jumps to $499, not including taxes and resort fees, marking a roughly 260% increase from the previous rate of $139 on Saturday night.
The Tropicana, set on a 35-acre site owned by Gaming and Leisure Properties Inc. at the southeast corner of Las Vegas Boulevard and Tropicana Avenue, has been a fixture in Las Vegas since its opening. With plans for the A's to construct a $1.5 billion, 33,000-seat ballpark on the site, construction is expected to start in April 2025, aiming for completion by the 2028 season.
As the Tropicana prepares for its closure and eventual demolition, room rates for the early part of March were notably lower, ranging from $49 to $99. However, as the final days approach, rates have surged, reflecting the increased demand to be part of the iconic hotel's last chapter. Bally's, the operator of the Tropicana, has entered into a 50-year ground lease with GLPI for the site and plans to develop a new resort adjacent to the ballpark.
This significant rate increase underscores the balance between supply, demand, and the sentimental value of staying at a historic property before its closure. As the end of an era approaches, both baseball enthusiasts and Vegas visitors are looking forward to the future developments, including the new stadium that promises to bring a fresh dynamic to the Strip.
🏒 Vegas Bolsters Forward Line with Acquisition of Anthony Mantha from Capitals
The Vegas Golden Knights have strengthened their roster with the acquisition of right wing Anthony Mantha from the Washington Capitals, a strategic move aimed at boosting the team's performance ahead of the NHL trade deadline. Mantha, who has scored 20 goals and accumulated 34 points over 56 games this season with the Capitals, will join the Knights under the remaining terms of his contract, which includes a $5.7 million salary-cap hit. Notably, Washington has agreed to retain half of this financial commitment.
At 29 years old and with a commanding presence at 6-foot-5, Mantha brings both experience and physicality to the Knights’ forward line. His career, initiated by being a first-round pick by the Detroit Red Wings in 2013, showcases a total of 139 goals and 286 points across 476 NHL games. This trade marks the second significant move in Mantha’s career, following his transition from Detroit to Washington in 2021.
This transfer occurs during a challenging period for the Knights, who have been grappling with a series of injuries among their forwards, including key players like Captain Mark Stone and William Carrier. The addition of Mantha is expected to provide a much-needed boost to the team's offensive capabilities. Despite recent struggles, including a downturn in their last 10 games, the Knights are hopeful that this new acquisition, coupled with the potential for additional strategic moves before the trade deadline, will reinvigorate their campaign to defend the Stanley Cup championship.
As the Knights prepare for their upcoming matchup against the Pacific-leading Vancouver Canucks, Mantha's integration into the team and the potential impact of further roster adjustments remain focal points for fans and analysts alike. The Golden Knights' management and coaching staff are undoubtedly working on strategies to enhance the team’s competitiveness, emphasizing the necessity of internal motivation and team cohesion to achieve success.
🏢 Summerlin's Live-Work-Play Model Sets a New Standard for U.S. Office Real Estate
Las Vegas stands out as a positive anomaly in the current gloomy forecast for U.S. commercial real estate, with its office market thriving, especially in areas like Summerlin. According to John Boyd of The Boyd Company Inc., Las Vegas counters the trend seen in many urban areas suffering from vacant office buildings. Boyd highlights the appeal of the live-work-play model, which is integral to real estate development today, suggesting that Vegas exemplifies a city of the future.
Summerlin, specifically, is leading this trend with its mixed-use developments, such as the 1700 Pavilion and ONE Summerlin office towers, which are surrounded by amenities including shops, restaurants, and sports facilities, providing a holistic environment for residents and workers. This model caters to the contemporary demand for proximity to daily needs and short commutes, aligning with the preferences of today’s hybrid workers.
Frank Stephan, of the Howard Hughes Company, noted that the 1700 Pavilion has reached 90% occupancy since its opening, indicating a strong demand for such integrated living and working spaces. Summerlin's development strategy focuses on creating a master-planned community that avoids urban sprawl, enhancing the attractiveness of the area.
The expansion of Summerlin's downtown core with new luxury apartments and retail centers, including a Whole Foods Market, further emphasizes the area's growth and desirability. Realty One Group's Tim Kelly Kiernan, a long-time Summerlin resident, commends the community for its balanced integration of residential, commercial, and recreational spaces, suggesting it as a model for future developments across the country.
However, the broader U.S. office market faces challenges, with high vacancy rates and concerns over the impact of vacant office spaces on the economy, particularly as remote work trends persist. Las Vegas, with its lower vacancy rate and continued development, seems to be navigating these challenges more successfully than many other cities.
In light of the shifting dynamics of office use and design post-pandemic, with a move towards collaboration spaces and amenities to lure workers back to the office, Las Vegas' approach may offer valuable insights for adapting to the evolving landscape of commercial real estate.
🎰 Las Vegas Couple Strikes Gold with $829K Win at El Cortez Casino
A lucky Las Vegas valley couple hit a major jackpot at the El Cortez Hotel & Casino, walking away with a life-changing sum of $829,606. Their fortune came from playing the Buffalo Diamond Extreme slot machine, where a modest bet of just $3.75 turned into an almost instant windfall. El Cortez, known for its nostalgic charm, boasts nearly 100 coin-operated slot machines, a rarity in today's digital gaming world. This iconic casino has garnered a reputation among Las Vegas locals, earning accolades for being the best locals casino with the best paying slots, table games, and more. This remarkable win adds to El Cortez's legacy, highlighting the potential for big wins amidst its historic walls.
❎ Super Tuesday Solidifies Biden-Trump Showdown for November
President Joe Biden and former President Donald Trump both secured commanding wins during Super Tuesday's Democratic and Republican nominating contests, as projected by CBS News, setting the stage for a potential rematch in the upcoming November general election. Their victories in key states such as California, Texas, Virginia, and North Carolina highlight the significant momentum each candidate holds within their respective parties.
Despite Trump's broad success, Nikki Haley managed to claim a victory in Vermont's Republican primary, marking her second win in the primary season and preventing Trump from achieving a clean sweep of the Super Tuesday contests. The importance of Super Tuesday is underscored by its allocation of more than a third of the delegates needed for nomination, historically serving as a critical juncture in the presidential nomination process since its inception in 1988.
Exit polls indicate that immigration and the economy are top concerns among GOP voters, with a significant majority supporting Trump over Haley. Trump's celebration of the results at Mar-a-Lago and his remarks highlight the day's significance, while Biden, though not speaking publicly, issued a statement criticizing his likely opponent's motivations and focus.
💲 Las Vegas Convention Center to Host Major Spring Job Fair Event
Southern Nevada job seekers have the opportunity to meet with over 120 employers at the upcoming Spring Job Fair, scheduled for March 8 from 9 a.m. to 2 p.m. at the Las Vegas Convention Center West Hall. Hosted by Clark County in collaboration with the EmployNV Business Hub, this annual event aims to facilitate on-the-spot hiring and job offers pending background checks. Commissioner Jim Gibson encourages attendees to approach the fair as they would a multi-employer interview, emphasizing that every employer present is looking to hire. Notable employers include the Rio hotel-casino, Nevada Barricade and Sign Co., Maverik, The Smith Center, Tao Group Hospitality, Fontainebleau hotel-casino, and Link Technologies. Job seekers can register in advance, upload their resumes for employer previews, and access several on-site resources such as free child care for specific ages, career coaching, and career exploration tools.
Summerlin Area Command - Week Ending: March 1, 2024
Courtesy of The Las Vegas Metropolitan Police Department. The entire report for all Area Commands may be viewed here.
📌🏠 Summerlin South - February 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
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