Monday, November 28, 2022

Las Vegas Strip would see all vehicles ban under new Nevada bill | Yogonet International

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Nevada has seen the introduction of a new bill that would change the panoramics of the Las Vegas Strip, as a state lawmaker proposed to permanently ban cars in the area. 

Clark County Commissioner Tick Segerblom introduced the measure after last week’s NFL Draft, when the Strip was shut down to all traffic for three days, a temporary episode after which local officials claimed to have received positive feedback from tourists. 

The bill suggests the closing of the Strip to cars for a weekend morning for walkers, bicyclists and joggers. If it has a positive impact, the measure could grow and extend from the morning period. 

The commissioner and former state legislator will move forward with the proposal by contacting the hotels along the Strip to get the property owners on board with the project. 

Allegiant Stadium, home of the Raiders, is set to host the Super Bowl in 2024 in an event that would see firsthand the effects of this measure. 

Las Vegas has a similar policy in place for Fremont Street in the downtown area, which has been in effect since 1994.

By late April, the Nevada Gaming Control Board reported the state’s numbers for March, when it recorded $1.355 billion in gaming revenue, right below July 2021’s figures when the state collected $1.59 billion. Las Vegas Strip casinos recorded their third-highest revenue month of all time during March, with a gaming revenue of $746.2 million.

In the meantime, the Strip continues to grow as investors keep eyeing the area for new ventures, such as Houston billionaire Tilman Fertitta, the owner of the Golden Nugget Casinos brand, who reportedly started the process to acquire a property on the Strip where a new resort would be built

Real estate investment and management company The Siegel Group also announced it has acquired three parcels totaling approximately 10 acres on Las Vegas Boulevard, and is eyeing a project that could include a hotel-casino, condo units and retail. 



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