The Tropicana Las Vegas to Cease Operations, Make Way for A’s Stadium
In preparation for the upcoming 67th anniversary of the Las Vegas Strip, The Tropicana Las Vegas has announced that it will be closing its operations on April 4th. The news was delivered by Arik Knowles, the vice president and general manager of the iconic resort. According to the latest information, all existing room reservations will be transferred to alternative hotels starting in April. There are hopes that the potential agreement with regards to A’s stadium could provide much-needed assistance to the resort as it navigates through its current challenges.
With plans to demolish the Tropicana Las Vegas, the transfer of 9 acres of land to the Athletics for the development of a stadium is imminent. The competition for the construction of the stadium involves two prominent entities in the architecture field: Bjarke Ingels Group/HNTB.
The announcement of the Tropicana’s closure, expected to take place on May 2023, did not come as a surprise as the resort began the process of closing down its older rooms last November. An article from Casino.org reported that Bally’s had already initiated preparations to demolish the casino hotel, raising questions about the immediate implementation of the $380 million project to build a stadium on the Tropicana property. There is skepticism about the A’s ability to contribute $1 billion to the endeavor.
At a recent Las Vegas Chamber of Commerce meeting, John Fischer, the owner of A, did not receive the expected respect from one hundred attendees who had each purchased a $125 ticket.
The Tropicana Las Vegas has a long and storied history, with Ben Jaffe as the original proprietor who conceived of The Trop before transferring management to Hotel Conquistador Inc. The hotel faced regulatory challenges under Jaffe’s ownership, but it successfully expanded its operations and earned the nickname “Tiffany of the Strip.”
With the entry of more prominent establishments into the Las Vegas scene, Mirzi Stauffer Briggs took over the Tropicana and constructed the Tiffany Tower in place of the original casino. Due to connections to the local mafia, Briggs eventually sold the property to Ramada.
The ownership of the Tropicana changed hands over the years, with Penn Entertainment completing a $360 million acquisition of the resort in 2015. During the COVID pandemic, GLPI acquired the property from Bally’s corporation for $148 million and was granted an annual lease for the area for $10.5 million.
The closure of the Tropicana Las Vegas marks the end of an era for the historic resort, making way for potential developments such as the construction of A’s stadium on the site.