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Old May 30th, 2008, 07:14 AM   #881
ElVoltageDR
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If this was canceled why is it still around then? Throw it tha dumpsta!
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Old May 30th, 2008, 08:52 AM   #882
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finally they CANCELED it I'm glad..because the persons behind the project wanted a much taller one..so they'll build one else where
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Old May 30th, 2008, 10:37 AM   #883
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Can a mod please add CANCELED to the thread title? Not cool I hope you are right
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Old May 30th, 2008, 11:17 AM   #884
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Wow it seems like everyone needs a punch in the face. Unless something changed, last I heard was that they are still planning supertalls, but they were not allowed to go all the way up to the 1,800+ mark. There's no reason to ditch the thread if there's still hope for the other towers (which have been approved w/ supertall height) being planned in place of the first. The title was already fixed to fit the two towers.
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Old May 30th, 2008, 09:57 PM   #885
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Very low chance of this being built, they announced it would be very hard in the current economic climate and were shelving this project. Can a mod please lock this until there is new information? Because it is 99% chance of being a dead project.
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Old May 31st, 2008, 03:28 AM   #886
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The Crown people defaulted on the deposit for the land. The land is currently being used for the stageing area for Fountinbleau (sp?). On top of that, the Vegas market right now has been one of the hardest hit in the country, real estate market wise.

I would venture a guess that someday something very tall (1,000ft+ as the city did approve it) will be built on the land, but I would highly doubt it will be either version of the crown building.
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Old May 31st, 2008, 08:24 AM   #887
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However history has shown that, contrary to all logic, people gamble more when the economy is doing bad. Here in my own town we have a local casino and business there has never been better since all the local companies laid everyone off.

I guess it makes sense that, since it is illogical in the first place, logic wouldn't apply to gambling.
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Old May 31st, 2008, 09:49 PM   #888
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Anyway, the design is pretty awful and I wouldn't have a problem with it being built (anything goes in Las Vegas, including architecture) or it being cancelled, because there will be a better design down the road. Anyway, Las Vegas already has 6 huge projects with many highrises being built (CityCenter, Cosmopolitan, Echelon, Planet Hollywood towers, Encore, and the huge lot west of downtown including the World Jewelry Center), so a supertall will definately come eventually, I guarantee by the next cycle.
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Old June 2nd, 2008, 01:09 AM   #889
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Finally cancelled! Thank g-d!
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Old June 2nd, 2008, 08:55 AM   #890
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yeah this thing is dead no supertall for vegas. I can't say that I'm sad but the U.S.A. could have used a new supertall maybe next time Nevada
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Old June 2nd, 2008, 09:12 AM   #891
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Oh please Vegas is bound to get a supertall sometime. The other towers ain't dead till it gets confirmed that the developer is pulling out. Maybe the ESB and CB in NYNY Hotel count as two supertalls already? Totally.
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Old June 2nd, 2008, 09:28 AM   #892
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They're scale models, so they're actually only around 450 ft though. Vegas already has a supertall, the Stratosphere, but some don't say it's a "real" supertall since it's an observation deck, not a "normal" tower.

NYNY (doesn't look like a supertall to me):

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Old June 2nd, 2008, 09:30 AM   #893
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Like I said before... The land has unamious approvial from the city for 1064ft. Someday (probably the day after the economy starts to turn around) there will be a very tall building built on this land... It just won't be tomorrow!!!
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Old June 2nd, 2008, 09:32 AM   #894
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I was joking about the NYNY thing...

Stratosphere may not be a skyscraper but it has to be one of the top coolest towers ever. Try to top having a roller coaster and theme park rides hundreds of feet in the air on the top of a tower.
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Old June 2nd, 2008, 07:38 PM   #895
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the owner of this tower are selling the land, so this thing is dead on it face. Maybe they should have built a 900 foot highrise before the try to jump the whole country with a skyscraper taller then 1,800 feet tall.
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Old June 2nd, 2008, 08:03 PM   #896
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This is a 2 month old article

Quote:
Packer dealt a dead hand in Vegas
Michael West
March 26, 2008 - 7:39PM
Page 1 of 2

Just when his Crown Macau casino is coming good, James Packer's US game plan has been dealt a dead hand. The Crown chairman had planned to build one of the world's tallest buildings on an old waterworks site on Las Vegas's famed ''Strip''.

But the site earmarked for the $US5 billion Las Vegas Towers resort project is now up for sale. For a $7.5 billion company, the looming loss of an option for another casino development is small beer, in fact - apart from the discomfort of a dud deal - it may be a blessing in disguise. Packer spent and borrowed big at the top of the market last year, and like many others on a debt-fuelled buying streak, now appears to be reconsidering his pace of expansion.

<snip>

On the Las Vegas deal, James Packer and his US partner in the project, Chris Milam, had already made around $A100 million in payments to Archon Corp which owns the site on the Vegas "Strip.'' Real estate agent, CBRE confirmed today the site was up for sale. Some $US63 million has been reported to be non-refundable and some $US30 million was not going to the purchase price, according to Crikey's Glenn Dyer, who had been following the story.

A spokesman for Crown said there had been a strategic review of the asset which was still underway.

The pending sale, though, may be viewed positively by the market given the credit climate and concerns about subsidiaries' debt levels. Although gaming is a defensive business, the Las Vegas economy has been slugged hard by the housing crisis and faces the prospect of a US recession later this year.

Packer had originally been proposing to build one of the world's tallest buildings - at some 1800 feet - but local concerns over the site's proximity to the airport saw the plans scaled back to a height of 1063 feet.

Milam had taken an option over the site in June 2006. Packer tipped in $US22.5 million for a 37.5% interest in the project.

Crown is also funding the Fontainebleau Hotel Casino in Vegas with US group Turnberry. The Fontainebleau is under construction next door to the site Packer has with Milam.
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Old June 3rd, 2008, 01:46 AM   #897
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Quote:
Originally Posted by kingsc View Post
the owner of this tower are selling the land, so this thing is dead on it face. Maybe they should have built a 900 foot highrise before the try to jump the whole country with a skyscraper taller then 1,800 feet tall.
vegas does not follow the trends of the rest of the usa, when steve wynn spent $650 million on a hotel in 1989 people thought he was as crazy as a coot (it will never be profitable is what they said); when MGM opened a hotel with 5045 rooms in 1993 people said the strip was overbuilt and could not handle something that big.

Milam wanted a gimmick to bring people to his hotel and compete with the likes of bellagio, wynn, venetian, city center etc, that gimmick was height, unfortunately the credit crunch and the FAA destroyed that dream

anyway vegas already has a structure that is 1149ft tall, its called the stratosphere


http://graphics.boston.com/bonzai-fb...43674_1071.jpg
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