Just a quick one today – last week I put up some photos of the center roof taken from our “Team Member” parking garage. When getting out of my car a few days ago I looked out and noticed all of the construction projects going on within a few blocks of our location and thought that I’d point them out.
From the left, there is the current Venetian tower. Next in the distance is the new golden Trump tower, then the new Venetian tower, off in the distance the framework of the old Stardust, which will come down soon, then the black Wynn and alongside that a crane putting up the new Wynn tower. At the right edge is the Stratosphere. So that’s six tall construction cranes in the photo.
If you count the construction that will go up to replace the Stardust, this picture contains seven billion dollars in construction projects: that’s $ 7,000,000,000 in money going into new buildings here near the north end of the Strip. In the planning process is a rebuild of Circus Circus, the Sahara, and the Stratosphere wants to do a new tower also. There is a big vacant lot across from the Sahara that will probably have a new casino placed upon it in the near future as well. Down behind us is the 6 billion dollar City Center, a reconstruction of the Tropicana hotel, new condo towers at the MGM, and who knows what else. If you are into high rise construction, steel work, or associated trades then Vegas is the place to be for the near future. And then look at all the entertainers, blackjack dealers, room cleaners, cooks and servers and all the other positions it takes to run big places. No wonder the Vegas area is growing so fast. I say the area because none of this is in the city of Las Vegas. Well, the Stratosphere is the last building at the edge of the city limits. Everything else in the photo is in the county.
The Venetian planned it out – they purchased two of their construction cranes; at five million dollars apiece. But if they leased them for the year’s building period it would have cost 4.5 million each, and now they can be resold to the next high rise project for the same price they were purchased for. I usually buy new tools when starting a big project, but would never have thought of spending $10,000,000 just to buy the cranes.