Clooney's Ramblas: Just a Pretty Rendering
After calling earlier reports of its demise premature, the moment has matured: George Clooney's Las Ramblas is no more.
Way back in 2005, Clooney's plan was to bring old-style Vegas elegance back to town with Las Ramblas: a casino, 4,000 room condo-hotel, and snazzy restaurants and high-end shopping. Instead, the 25 acres of land have been sold to Edge Resorts.
Don't worry about Clooney and his partners. There was a massive profit: purchased for $75 million, the resale of the land garnered $202 million. The purchase is perfect for Edge Resorts, which is already a partner in the nearby W Las Vegas project. Las Ramblas now will be developed under the name Edge East. According to the Review-Journal, the new owners have not yet decided on the exact mix or number of rooms on the final development. But it's safe to say there will be a casino, condo-hotel, and snazzy restaurants and high-end shopping. Just no George Clooney.
Makes me wonder just how many hundreds of millions of dollars someone like Clooney want to aquire. How much is enough? At what point do you check your net worth and see $XXX,000,000 and say, "Eh, I think I'll donate the rest to charity"
Posted by: Robin | June 05, 2006 at 07:00 PM
Capitalism run amok, that's what these huge condo hi-rise housing projects are, going up like mega-ugly stinking steel mushrooms around the LV Strip, there's no other way to describe it. A handful of Donald Trump wanna-be's (not to mention creepy comb-over "the" donald himself) deem themselves worthy of megalomania, and somehow manage to borrow major money to build sterile cubicle skyscrapers, and hot-shot Californians with their artificial "equity" come waltzing up to Nevada to speculate in phoney Vegas "glamor". Meanwhile, the state water board plans to spend billions on pipelines, to steal the water from rural Nevada so all the drop-dead assholes in Vegas won't run out of ice cubes at their chi-chi embarassingly plastic nightclubs. I for one am ROOTING for the real estate bubble to burst, so the whole House of Cards will come crashing down, and all the BushCheney tax-cut millionaires sooner rather than later will blow away in the desert wind ..
Posted by: RussBBinVegas@aol.com | June 05, 2006 at 08:25 PM
Don't hate people who have more than you. You don't know how many thousands of dollars they've donated to charity or whatever, nor should it be any of your concern.
Posted by: Double L | June 05, 2006 at 11:07 PM
What ever happen to that train service that was going to be builded between Las Vegas and Orange county, Ca ??
With today's gas prices it sure would help.
Posted by: Marvin Young | June 06, 2006 at 05:55 AM
Smart deal for Mr. Clooney, he makes a big profit and without the future headache that comes with owning a casino!
Posted by: Aithwonder | June 06, 2006 at 10:19 AM
Hey Robin,
Who employees the poor? right the rich..The real estate bubble bursts, there will be many people out of work...Envy is just as evil and destructive as Greed!
Posted by: Stewart | June 06, 2006 at 11:15 AM
Can anyone loan me some money? I'm a stand up guy. In fact, a grant is what i need really.
Posted by: andrew secrest | June 06, 2006 at 04:21 PM
Las Vegas is simply a disaster waiting to happen.
I think that it won't be that long a wait.
Posted by: Fred Goepfert | June 06, 2006 at 07:03 PM
I went to Vegas in 1965 with the Air Force to Nellis air base. No smog, clean streets, and pretty classy hotels and casinos. Ever since then, there has been a contiuous evolution of glitz and an over-the-top mentality that seems out of control. When the water and gasoline supplies run dry, perhaps things will sink back into the sand they grew out of. Meanwhile, enjoy.
Posted by: William Isenberg | June 06, 2006 at 07:16 PM
Marvin:
Train service that was going to be "builded"?
Are you kidding me? The word is "built".
I'm much more worried about the proper use of English than George Clooney's net worth.
Posted by: Jennifer | June 07, 2006 at 05:43 AM