Lady Luck Hotel & Casino
Encyclopedia
The Lady Luck was a hotel
and casino
in the downtown area of Las Vegas
, Nevada
. It is owned by the Los Angeles based CIM Group. Some of the rooms are owned as timeshare
s. The Lady Luck Hotel and Casino has been closed since early 2006 and the interior spaces largely demolished in preparation for renovations. Set on 6.27 acres (25,373.8 m²) at 3rd Street and East Ogden Avenue, the development is composed of two towers - the 17-story East Tower built in 1985 with 297-hotel rooms on floors 3 - 17; and the 25-story West Tower with 334 hotel rooms on floors 6 - 25. The East Tower is connected to ground level casino. The property is served by a four-level parking garage and features several restaurants and entertainment venues along 3rd Street. These popular establishments include Triple George Grill, Sidebar and Hogs & Heifers.
The CIM group is the largest commercial landlord in a Hollywood shopping and entertainment district and has not begun the renovation. The plan was to leverage the Fremont Street Experience as part of a plan to revive Third Street with new retail and entertainment venues and as many as three new hotel towers.
In July 2008 the city was investigating rezoning the nearby land containing the transit center to unrestricted gaming. When the transit center is relocated, the land would be available for development. Mayor Oscar Goodman
applauded the attempt to re-invigorate the plans to renovate the Lady Luck. For the past several years I have seen a rotting corpse, Goodman said of the property's condition. The Lady Luck structure has been a blight.
As of July 2009, Las Vegas mayor Oscar Goodman once again said in a council meeting that The Lady Luck is a disaster, and then called the skeletal structure a carcass.
Las Vegas city leaders want Lady Luck developers CIM Group to raze the unfinished structure at Fourth Street and Stewart Avenue and do a better job of keeping sidewalks and landscaping clean near the site. CIM has until late December 2009 to start a $100 million renovation of the Lady Luck or the company could lose out on the city's offer to hand over land around the proposed nearby Mob Museum.
On July 23, 2009, some demolition work started on a 4 story concrete building adjacent to the main resort. This work was completed in accordance with the city's request for CIM Group to raze the condemned structure.
On March 15, 2010, CIM Group made an agreement with City Officials to have the renovations completed by December 31, 2011. There is the potential that the hotel/casino will reopen in 2012, 5 years after its originally scheduled reopening in 2007.
On October 27, 2011, the casino was renamed to the Downtown Grand.
36.1719°N 115.1418°W
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
and casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
in the downtown area of Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
. It is owned by the Los Angeles based CIM Group. Some of the rooms are owned as timeshare
Timeshare
A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time in which they may use...
s. The Lady Luck Hotel and Casino has been closed since early 2006 and the interior spaces largely demolished in preparation for renovations. Set on 6.27 acres (25,373.8 m²) at 3rd Street and East Ogden Avenue, the development is composed of two towers - the 17-story East Tower built in 1985 with 297-hotel rooms on floors 3 - 17; and the 25-story West Tower with 334 hotel rooms on floors 6 - 25. The East Tower is connected to ground level casino. The property is served by a four-level parking garage and features several restaurants and entertainment venues along 3rd Street. These popular establishments include Triple George Grill, Sidebar and Hogs & Heifers.
History
- In 2000 the Lady Luck was acquired by Isle of CapriIsle of Capri CasinosIsle of Capri Casinos, Inc. is a gaming company headquartered in Creve Coeur, Missouri which operates casinos and associated entertainment and lodging facilities in the United States and abroad....
. - On June, 2002 it was purchased by Steadfast AMX who turned two floors into timeshares.
- On May 13, 2005 it was purchased by the Henry Brent Company for $24 million.
- On May 16, 2005 plans were announced for a major renovation and expansion of the property to begin early in 2006. On February 11, 2006 the hotel and casino, but not the timeshares, closed for remodeling; the property was expected to be closed for nine to twelve months but financing collapsed.
- On June 12, 2007 the casino was purchased by the CIM Group for $20.4 million.
The CIM group is the largest commercial landlord in a Hollywood shopping and entertainment district and has not begun the renovation. The plan was to leverage the Fremont Street Experience as part of a plan to revive Third Street with new retail and entertainment venues and as many as three new hotel towers.
In July 2008 the city was investigating rezoning the nearby land containing the transit center to unrestricted gaming. When the transit center is relocated, the land would be available for development. Mayor Oscar Goodman
Oscar Goodman
Oscar Baylin Goodman is an American lawyer and politician. He was the mayor of Las Vegas, Nevada from 1999 to 2011. Mayor Goodman is an Independent and a former member of the Democratic Party.-Biography:...
applauded the attempt to re-invigorate the plans to renovate the Lady Luck. For the past several years I have seen a rotting corpse, Goodman said of the property's condition. The Lady Luck structure has been a blight.
As of July 2009, Las Vegas mayor Oscar Goodman once again said in a council meeting that The Lady Luck is a disaster, and then called the skeletal structure a carcass.
Las Vegas city leaders want Lady Luck developers CIM Group to raze the unfinished structure at Fourth Street and Stewart Avenue and do a better job of keeping sidewalks and landscaping clean near the site. CIM has until late December 2009 to start a $100 million renovation of the Lady Luck or the company could lose out on the city's offer to hand over land around the proposed nearby Mob Museum.
On July 23, 2009, some demolition work started on a 4 story concrete building adjacent to the main resort. This work was completed in accordance with the city's request for CIM Group to raze the condemned structure.
On March 15, 2010, CIM Group made an agreement with City Officials to have the renovations completed by December 31, 2011. There is the potential that the hotel/casino will reopen in 2012, 5 years after its originally scheduled reopening in 2007.
On October 27, 2011, the casino was renamed to the Downtown Grand.
External links
36.1719°N 115.1418°W