Demolition at two shuttered Station Casinos properties began on Monday, as the company kickstarted the process of redefining its real estate portfolio in Southern Nevada. Work began in the morning at Fiesta Henderson, off Lake Mead Parkway, and Texas Station on Rancho Drive in North Las Vegas, after the company secured the necessary city permits last month.
It is yet still unclear when crews will demolish Fiesta Rancho, located at Lake Mead Boulevard and Rancho Drive in North Las Vegas, as well as the recently shuttered Wild Wild West on Tropicana Avenue west of Interstate 15. The two properties were also earmarked for demolition in the last few months.
The permit application for the demolition of Fiesta Rancho was filed with North Las Vegas in July, Las Vegas Review-Journal reported at the time. The ice skating rink at Pepsi Ice Arena, on the same site as the casino, remains open. Station Casinos’ parent company Red Rock Resorts owns the land.
Fiesta Henderson, Fiesta Rancho and Texas Station
Previously announced plans called for the demolition of Fiesta Henderson, Fiesta Rancho and Texas Station, with the intention to then sell the land beneath them. The three casino resorts remained closed even after pandemic-mandated closures were lifted.
As for Wild Wild West, the casino became the latest to be earmarked for demolition, closing its doors last week. The company said it will “reposition the property for future development,” as reported by Review-Journal
Texas Station is gone pic.twitter.com/zznl7gFm90
— Las Vegas Locally 🌴 (@LasVegasLocally) September 12, 2022
A total of 107.5 acres would be involved in the three land sales of Fiesta Henderson, Fiesta Rancho and Texas Station, and it is unlikely that casinos would be built on any of the parcels.
According to representatives of Red Rock Resorts, most of the closed casinos’ customer bases have already migrated to other Station properties. Guests of Texas Station and Fiesta Rancho have moved on to Santa Fe Station to the northwest and to a Wildfire venue south of Lake Mead Boulevard. Fiesta Henderson guests have moved to Sunset Station and Green Valley Ranch, both in Henderson.
Wild Wild West interior.
In August, officials for Red Rock Resorts made public their ambitions to “basically double” the company’s portfolio by 2030. “We have an unparalleled growth story that will allow us to double the size of our portfolio and position us to capitalize on the very favorable long-term demographic trends and high barriers to entry that characterize the Las Vegas locals market,” said at the time Stephen Cootey, Executive Vice President and Chief Financial Officer.
The locals-oriented casino operator purchased 126 acres south of the Strip at the southwest corner of Las Vegas Boulevard and Cactus Avenue for $173.4 million in July, potentially eyeing a new resort. Additionally, construction continues on the Durango hotel-casino, located on Durango Drive, south of the 215 Beltway, in the southwest valley.
Sand through an hour glass. Time is flying.
Coming late 2023. https://t.co/yoynVlTaCt pic.twitter.com/cuR7w3s52K
— Durango Casino & Resort (@durangoresortlv) September 7, 2022
Station’s upcoming Durango Casino & Resort is expected to cost $750 million, and is slated to include 200-plus rooms, a casino floor spanning more than 73,000 square feet meeting and banquet space and four restaurants, according to recently made available plans. The company broke ground on Durango in March, and construction is set to be completed in the fall of 2023. A scale model of the forthcoming venue is on display at Red Rock Casino.
Original article: https://www.yogonet.com/international/news/2022/09/13/64207-station-casinos-launches-demolition-of-shuttered-properties-texas-station-and-fiesta-henderson
