To keep its gaming rights which will in turn preserve its property value, The Queen of Hearts casino must open for eight hours every two years.
"The Queen of Hearts, though vacant, is hugely valuable. Its owners are planning to swap the whole block for a city-owned parcel in an area slated for redevelopment; they want to build a resort.
In the meantime, the owners need to keep the property's gaming rights intact to maintain the property's value, estimated at $13 million to $15 million, which will allow them to trade for land of similar worth."
"Recently, the number of one-day casinos has jumped. There were three in 2004, five in 2006 and seven this year -- including one at the site of Las Vegas' first racially integrated casino, the Moulin Rouge. The reasons vary, but the sour economy, which has stalled construction projects along the Strip, has likely played a role. Many owners won't sell or build until real estate and credit markets rebound."
Read the full story: Casino stays in the game for a day
Why Cities Should Think Twice Before Rolling the Dice on Gambling
Seen as a source of economic development and easy money for cities (struggling or not) throughout North America, casino projects are neither a revenue panacea nor the win-win "economic bullet" that supporters claim, argues Richard Florida.
Las Vegas Faces a Challenging and Uncertain Environmental Future
Excessive heat will impact the desert city in the coming years, and major steps need to be taken now to change its course.
Pennsylvania's Gambling Expansion Proving Unpopular at the Local Level
The state thought more casinos would be a good way to raise some revenue for the state. So far a lot of local governments want no part of that action.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
New density bill would require 7 California cities to establish regional transit hubs
The bill would also require major cities in California to permit high-rise residential buildings.
San Francisco supervisor looks to establish city’s first department of housing
The proposed agency would coordinate planning and financing around housing, as well as support affordable housing production.
South Chicago development proposal would 'upzone' neighborhoods to increase density
The South Chicago Land Use Framework plan also aims to promote pedestrian and transit-oriented developments.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Wisconsin Rapids
Harvard University Graduate School of Design
KFH Group Inc.
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello