March 18, 2023 5:26 PM
The north edge of the Strip was a bleak place a decade or so ago.
Las Vegas’ real estate meltdown left this stretch of the casino corridor with halted megaresort projects, sprawling land tracts where big developments never took shape, and little foot traffic. As a cigar shop owner there told me at the time, it was a “huge economic cemetery.”
The north Strip still isn’t overrun with tourists, and it still has big pieces of land. But the area has gained momentum — and now two developers are laying the groundwork for a potential new project there.
The Las Vegas Convention and Visitors Authority on Tuesday approved selling a 10-acre lot for $125 million to local developer Brett Torino and New York’s Paul Kanavos.