Current:Home > StocksTropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball -OceanicInvest
Tropicana Las Vegas, a Sin City landmark since 1957, will be demolished to make way for MLB baseball
View
Date:2025-04-13 14:20:22
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! (7)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Divides over trade and Ukraine are in focus as EU and China’s leaders meet in Beijing
- Worried about retirement funds running dry? Here are 3 moves worth making.
- Why Kelly Ripa’s Daughter Lola Consuelos Advises Her Not to “Get Pregnant” Before Every Vacation
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Why Kelly Ripa’s Daughter Lola Consuelos Advises Her Not to “Get Pregnant” Before Every Vacation
- A sea otter pup found alone in Alaska has a new home at Chicago’s Shedd Aquarium
- Deputy US marshal detained after ‘inappropriate behavior’ while intoxicated on flight, agency says
- Small twin
- An appreciation: How Norman Lear changed television — and with it American life — in the 1970s
Ranking
- The Daily Money: Spending more on holiday travel?
- Senators tackle gun violence anew while Feinstein’s ban on assault weapons fades into history
- Sister Wives' Meri Brown Alleges Kody Didn't Respect Her Enough As a Human Being
- J Balvin returns to his reggaeton roots on the romantic ‘Amigos’ — and no, it is not about Bad Bunny
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Khloe Kardashian's Kids True and Tatum and Niece Dream Kardashian Have an Adorable PJ Dance Party
- UN: Russia intensifies attacks on Ukraine’s energy facilities, worsening humanitarian conditions
- Powerful earthquake shakes South Pacific nation of Vanuatu; no tsunami threat
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Germany’s chancellor lights first Hanukkah candle on a huge menorah at Berlin’s Brandenburg Gate
Powerball winning numbers for December 6 drawing: Jackpot now $468 million
They're not cute and fuzzy — but this book makes the case for Florida's alligators
Current, future North Carolina governor’s challenge of power
Turkish President Erdogan visits Greece in an effort to mend strained relations
Hopes for a Mercosur-EU trade deal fade yet again as leaders meet in Brazil
New York man wins Mega Millions twice in one night, cashes tickets in one year later