Current:Home > FinanceTropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball -TradeWisdom
Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball
View
Date:2025-04-11 16:41:34
LAS VEGAS (AP) — The Tropicana Las Vegas, a Sin City landmark for more than six decades, is shutting its doors in the spring to make room for a $1.5 billion Major League Baseball stadium that will be home to the relocating Oakland Athletics.
Bally’s Corp. made the announcement Monday, saying the closure on April 2 — days before the 67th anniversary of the Tropicana’s opening — marks the beginning of preparations for demolition of the resort on the Las Vegas Strip.
The Tropicana was dubbed the “Tiffany of the Strip,” described as the most expensive hotel-casino built in Las Vegas when it opened with three stories and 300 rooms in 1957 at a cost of $15 million.
Now, that parcel is the planned site of a 30,000-seat ballpark with a retractable roof. All 30 MLB owners in November gave their approval for the A’s to move to Las Vegas.
In a statement, Bally’s President George Papanier described the ballpark plans as a “once-in-a-lifetime opportunity.”
“Bally’s looks forward to the development of a new resort and ballpark that will be built in its place and will become a new landmark, paying homage to the iconic history and global appeal of Las Vegas and its nearly 50 million visitors a year,” the company said in a news release.
The ballpark, backed by $380 million in public funding, is expected to open in 2028, near the homes of the NFL’s Vegas Raiders, who fled Oakland in 2020, and the NHL’s Golden Knights, who won the Stanley Cup last year in just their sixth season.
Bally’s says it will no longer accept hotel bookings after April 2 and will relocate any customers who reserve past the closing date.
The company’s announcement came just a month after the Tropicana and the Culinary Workers Union, which represents about 500 workers there, reached an agreement for a new five-year contract.
Ted Pappageorge, the union’s secretary-treasurer, said he hopes the severance package secured in the latest contract will ease what he expects to be a difficult transition for the Tropicana’s largely senior workforce, many of whom, he said, have worked at the hotel-casino for decades.
Under the new union contract, the employees will receive severance pay of $2,000 for each year of work. For veteran workers at the Tropicana, Pappageorge said, that totals tens of thousands of dollars.
“In Las Vegas, hotels are bought and sold on a regular basis,” Pappageorge said. “These new projects are welcome, but workers can’t be discarded like an old shoe.”
Rhode Island-based Bally’s purchased the Tropicana in 2021 for $308 million.
veryGood! (285)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Lil Durk suspected of funding a 2022 murder as he seeks jail release in separate case
- Sabrina Carpenter Shares Her Self
- When does 'No Good Deed' come out? How to watch Ray Romano, Lisa Kudrow's new dark comedy
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Manager of pet grooming salon charged over death of corgi that fell off table
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Drew Barrymore has been warned to 'back off' her guests after 'touchy' interviews
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
- China's ruling Communist Party expels former chief of sports body
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Woody Allen and Soon
- Manager of pet grooming salon charged over death of corgi that fell off table
- Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
North Carolina announces 5
What was 2024's best movie? From 'The Substance' to 'Conclave,' our top 10
Through 'The Loss Mother's Stone,' mothers share their grief from losing a child to stillbirth
Retirement planning: 3 crucial moves everyone should make before 2025
Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
Worst. Tariffs. Ever. (update)
KISS OF LIFE reflects on sold