Posted September 30, 2019 09:47:13A $2,500-a-month house in Las Venias luxury Villa House might be the most expensive in the world.
But its owner says it’s a bargain.
A group of investors are now hoping to put a new $1.2 billion casino-hotel-hotels development in Las Venturas’ Las Vegas Valley on the market.
The casino, on Las Vegas Boulevard, is scheduled to open next year and the hotel will be the site of two international casinos.
It is also the latest project to receive a high-profile development approval.
But the Villa House development is unique.
Its owners have been pushing for the development since 2017.
They’ve already secured the land for a $1 billion casino and a hotel.
It is the only project in the Las Vegas area that includes a casino.
But the owners, whose real name is Thomas A. Agan, Jr., want the new casino-resort-hot-tubs casino, and the rest of the development for the casino-restaurant.
The $1 million price tag is “very competitive” for a luxury development, Agan said.
He said the hotel-hotline tower is a big investment.
“You’re looking at this being a major investment.
It’s going to be the largest in the country,” he said.”
We’re looking for a 10-story tower with a restaurant and we’re looking to bring in $100 million in hotel-casino revenues.”
The new casino, which will be located next to the hotel, will be called the MGM Grand.
Agan said the developer is planning to build a hotel on the land and a resort-casinos-hotter hotel on Las Ventras’ west side.
Construction is set to begin later this year.
This week, the Vegas Valley Development Authority awarded $7 million in tax breaks to the Agan group to help finance the project.
The developer also received $5 million from the state of Nevada to help offset the development costs.
In February, Agrarian Enterprises LLC agreed to take over the $1,000-a of land the developers purchased in the early 1990s and build a new hotel and casinos on it.
The resort-hotleting hotel-resorts development was part of the casino’s initial $3.2-billion casino-revenue plan, but it never made it to the stage of completion.
It will be built by the Las Ventas-based developer Bionetics.
Agan expects the project to bring $100 billion to Las Vegas.
Las Vegas is home to some of the world’s most expensive hotels, including the Wynn Hotel and the Sheraton Hotel.
Its casino-starved economy relies on tourists and casinos.
Its casinos have been in the spotlight since the mass shooting in Las Palmas in December.
Many of the Las Venes casinos have closed or been replaced by new, bigger ones.