Some of the world’s most famous hotel-casinos, such as the Bellagio, Caesars Palace and the New York-New York, are located on the famous Las Vegas Strip. This is the name given to a portion of Las Vegas Boulevard that may soon be expanded.
Some specialists of the mythical city of the State of Nevada estimate indeed that it should be expected that it doubles its current size in the future.
An expansion of 6.7 km to the south is expected
At the moment, the Las Vegas Strip is about 4 miles long. Since the iconic Welcome to Fabulous Las Vegas sign was installed near the old airport entrance in 1959, it still extends from Sahara Avenue in the north to Russell Road in the south.
But here’s the thing: many experts expect it to be expanded by another 6.7 km to the south over the next decade. Indeed, there are several major projects in this part of Las Vegas.
A sports complex at each end of the north and south
Founded on November 16, 2015 in Los Angeles, California, developer Oak View Group specializes in investing in the entertainment and leisure market. In the past, it has built sports venues in various cities in the United States including Seattle, New York and Austin among others.
After acquiring land on the south side of the Strip located just minutes from Harry Reid International Airport, he wants to develop a hotel-casino with a 20,000-seat arena budgeted at $3 billion. Construction is expected to begin in 2023 and the hotel is scheduled to open in 2026, next to the terminal for the Brightline high-speed rail project between Los Angeles and Las Vegas.
As there is also talk of building a stadium on Sahara Avenue. Many experts believe that the Strip will soon extend for 13.4 km with a sports complex at each of its northern and southern ends.
Various projects in the south
If the Strip is eventually expanded, its northern part will already be quite developed. The southern part of the Strip will be the focus of attention. This has already begun. On September 13, 2021, for example, the first game played by the Raiders soccer team in the new Allegiant Stadium located behind the Mandalay Bay instantly transformed this part of the Strip into the new sports Mecca of Las Vegas.
So it’s no surprise that construction on the future $550 million Dream Las Vegas Hotel & Casino began last month there. It’s also no coincidence that operator Station Casinos recently bought a 50-acre site in the area for $172.4 million in order to develop a new gaming facility.