Riviera Las Vegas to be bought by LVCVA, imploded (Confirmed) - Page 6 - Las Vegas Lifestyle Forum - Las Vegas Entertainment and Living Information

There hasn't been a real one (don't think Debbie Reynolds counts) since 2008. I went to the Debbie Reynolds one and it drew 1000 or so people. Ironically, I watched it from the Riviera employee parking deck.

Riviera is bigger than anything else that has been imploded and I think the oldest too so I suspect it will be a big deal.

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08-14-2015 , 01:30 PM

#128

pig4bill

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Bigger in cubic volume maybe. I think the Stardust tower was taller.

I still wish they would have kept operating it, and Boyd probably does too.

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08-14-2015 , 09:33 PM

#129

John Mehaffey

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Quote:

Originally Posted by pig4bill

Bigger in cubic volume maybe. I think the Stardust tower was taller.

I still wish they would have kept operating it, and Boyd probably does too.

The biggest mistake Boyd ever made by far was related to that deal. Closing Stardust + trading Barbary Coast for vacant land = Almost bankrupt.

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08-15-2015 , 01:16 AM

#130

John Mehaffey

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Quote:

Originally Posted by pig4bill

Bigger in cubic volume maybe. I think the Stardust tower was taller.

I looked it up. Stardust was 32 stories. The tallest of the five towers at Riviera is 24. It also has a 20, 12, 9 and 6. The 24 and 20 story towers almost touch. The Monaco Tower was built to fit the balconies of the higher floors on Monte Carlo. I imagine they will implode both of those at the same time due to this.

Riviera is somewhere around 1.5 million square feet but I can't find what Stardust was. The room comparison is Stardust - 1,552 to Riviera - 2,095.

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08-15-2015 , 12:16 PM

#131

eco74

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Originally Posted by Pokeraddict

The biggest mistake Boyd ever made by far was related to that deal. Closing Stardust + trading Barbary Coast for vacant land = Almost bankrupt.

Yep. People give them credit for stopping construction on Echelon, but that was the only smart decision after a long chain of really bad ones.

At the time of the deal, didn't it make Barbary Coast the most valuable parcel of land in the history of land, or something like that?

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08-17-2015 , 04:46 PM

#132

highstakesfan

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Quote:

Originally Posted by eco74

....At the time of the deal, didn't it make Barbary Coast the most valuable parcel of land in the history of land, or something like that?

Something like that, crazy the valuations back then.

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08-17-2015 , 05:40 PM

#133

John Mehaffey

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Originally Posted by highstakesfan

Something like that, crazy the valuations back then.

Which would have been great as long as they got cash. Instead, they traded it for a vacant lot connected to the Stardust property that was also overvalued.

I think the New Frontier sale was even more inflated than this one and was a cash deal but I'm too lazy to look it up.

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08-17-2015 , 05:50 PM

#134

highstakesfan

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Yes, the New Frontier was a money sale, versus the Barbary Coast land swap.

http://www.reviewjournal.com/news/ne...le-sets-record

This was 2007

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08-17-2015 , 05:56 PM

#135

highstakesfan

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And this was 2014.

http://www.reviewjournal.com/busines...-frontier-site

I wonder how much money was lost between 2007 purchase and
the New Frontier sale in 2014 ???

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08-17-2015 , 08:00 PM

#136

eco74

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Originally Posted by highstakesfan

And this was 2014.

http://www.reviewjournal.com/busines...-frontier-site

I wonder how much money was lost between 2007 purchase and
the New Frontier sale in 2014 ???

Almost $1b in just the difference in prices, according to the article. Elad paid $1.2b for the site, razed the Frontier at whatever cost, paid for the cost of money over a bunch of years plus property taxes and whatever else, then sold for $260m.

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08-18-2015 , 12:46 AM

#137

pig4bill

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Originally Posted by Pokeraddict

Yeah, and then Ruffin bought Treasure Island for about half what he sold that dump for, lol.

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11-11-2015 , 07:48 PM

#138

highstakesfan

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Join Date: Apr 2008 Posts: 3,074

http://vegasinc.com/business/2015/no...hority-approv/

LVCVA OKs contract for next step of demolishing Riviera

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03-29-2016 , 06:05 PM

#139

John Mehaffey

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Riviera will come down in two implosions. One of the tall towers will come down in June. The other will implode in August.

Edit: http://www.reviewjournal.com/busines...e-down-riviera

Last edited by John Mehaffey; 03-29-2016 at 07:13 PM.

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