Just a few years ago, Houston billionaire Tilman Fertitta was forging ahead with plans to build a luxury Las Vegas resort.
He bought a plot of real estate on the Strip for $270 million, secured approvals for a towering hotel-casino and demolished the buildings on his site, clearing the way for a flashy new project.
Today? Fertitta is the U.S. ambassador to Italy, and his property on the Strip is a parking lot.
Fertitta’s 6-acre spread at the southeast corner of Las Vegas Boulevard and Harmon Avenue is home to a new surface lot that charges a minimum of $14.99, for up to three hours of parking.
