Current:Home > FinanceTropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball -NextGenWealth
Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball
View
Date:2025-04-16 18:39:33
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! (333)
Related
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- After his wife died, he joined nurses to push for new staffing rules in hospitals.
- 90 Day Fiancé’s Mary Denucciõ Clarifies She Does Not Have Colon Cancer Despite Announcement
- This woman is living with terminal cancer. She's documenting her story on TikTok.
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Can Jennifer Lopez's 'This Is Me... Now' say anything new?
- Going on 30 years, an education funding dispute returns to the North Carolina Supreme Court
- Minnesota man arrested in connection to murder of Los Angeles model
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- New Hampshire man convicted of killing daughter, 5, whose body has not been found
Ranking
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- If you love courtroom dramas, this Oscar-nominated film is not to be missed
- Audrii Cunningham case timeline: From her disappearance to suspect's arrest
- Dozens of Idaho obstetricians have stopped practicing there since abortions were banned, study says
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Free agent shortstop Tim Anderson agrees to one-year deal with Marlins
- Stock market today: Japan’s benchmark Nikkei 225 surges to all time high, near 39,000
- Lawyers for Malcolm X family say new statements implicate NYPD, feds in assassination
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Federal lawsuit alleges harrowing conditions, abuse in New Jersey psychiatric hospitals
The BrüMate Era Is The New Designated It-Girl Tumbler, & It Actually Lives Up to The Hype
The BrüMate Era Is The New Designated It-Girl Tumbler, & It Actually Lives Up to The Hype
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Dozens of Idaho obstetricians have stopped practicing there since abortions were banned, study says
Guilty plea from the man accused of kidnapping a 9-year-old girl from an upstate New York park
California’s rainy season is here. What does it mean for water supply?