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LakesideVibes

GSR building 1 Billion Dollar entertainment district and 10,000 seat arena that Nevada Basketball will play in.

By LakesideVibes, in MWC Sports Forum

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UNLV2001

UNLV2001

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On 9/26/2023 at 3:07 PM, battle.borne said:

When it opened it was believed to be the largest hotel in the world.

Think it was largest casino, not sure on hotel rooms............MGM in Vegas might have had more rooms but the casino square footage was enormous - Either way for Reno it was a huge step up over what existed back then 

MGM Grand (1978–1986)[edit]

In 1975, officials from the Metro-Goldwyn Mayer Company began to scout out Reno locations for their proposed high rise hotel-casino they wanted to model after their very high-profile Las Vegas casino, the MGM Grand. Following a deal with and approval from the City Council, MGM purchased land between Mill and 2nd Streets, at that time a gravel pit. The Summer of 1976 saw construction begin on the 26 story, 1,015 room property that would then be one of the largest in the world. After two years of fast-tracked construction, the building opened with fanfare, fashion and media attention on May 3, 1978.

In the Summer of 1981, MGM opened an expansion of the hotel with a 26-story wing plus an additional 900 rooms, making a total of 2,001 rooms and suites. Three years later in November 1984 MGM revealed plans to expand the Reno hotel further: a $60 million 26 story wing with another 954 rooms, which never materialized. After fights and issues with the City Council, the expansion was later approved on September 23, 1985, amid rumors the MGM would be sold. Less than five months later on November 16, 1985 those rumors proved to be true with Bally Manufacturing announcing that it would acquire the Reno and Las Vegas MGM's for $440 million, further questioning the newly approved expansion for Reno.

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NorthWestCowboy

NorthWestCowboy

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On 9/26/2023 at 2:01 PM, Nevada Convert said:

Unfortunately Lawlor isn’t long enough to convert an indoor practice facility. I suppose you could add to it. 

You don’t want that.  Short practice fields lead to an inability to compete.  Just ask our #superiorlifestyle friends in FoCo.

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renoskier

renoskier

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On 9/26/2023 at 2:49 PM, battle.borne said:

He bought the GSR for $42M out of recievorship from JP Morgam.  He basically bought it the lowest low and 2x below replacement value.  The dude has the midas touch.

and has been upgrading ever since...

 

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NevadaFan

NevadaFan

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On 9/26/2023 at 12:58 PM, Iam4wyo said:

That place is a retreaded (multiple times) shitbox.  It hasn't been worth a damn since the 90's.  I loved when they welcomed the burners, and the pool turned thick, and brown.  That was great.

I hate casinos with the best of them but this place isn’t a dump?? They have done a nice job cleaning up the dump. 

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NevadaFan

NevadaFan

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On 9/26/2023 at 4:00 PM, bitteraztec said:

The regular rooms are lacking and need renovations.  The rest of the property is fine.

https://nevadabusiness.com/2023/02/grand-sierra-resort-completes-tower-renovation/?doing_wp_cron=1695567008.1147420406341552734375
 

They spent money on the place. Whether you think a casino is nice is another argument. It’s still cheesy, smoke filled waste IMO but the investment is there. 

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bitteraztec

bitteraztec

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On 9/26/2023 at 5:05 PM, NevadaFan said:

https://nevadabusiness.com/2023/02/grand-sierra-resort-completes-tower-renovation/?doing_wp_cron=1695567008.1147420406341552734375
 

They spent money on the place. Whether you think a casino is nice is another argument. It’s still cheesy, smoke filled waste IMO but the investment is there. 


Nice, I didn’t see they renovated the rooms this year.  Nothing wrong with the property in my opinion.  It’s not a dump

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wolfan

wolfan

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On 9/26/2023 at 12:58 PM, Iam4wyo said:

That place is a retreaded (multiple times) shitbox.  It hasn't been worth a damn since the 90's.  I loved when they welcomed the burners, and the pool turned thick, and brown.  That was great.

How long since you've been there?  The new owners have put a ton of money into it.

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LakesideVibes

LakesideVibes

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On 9/26/2023 at 4:10 PM, NevadaFan said:

I have hard time believing they will move basketball off campus. Lawlor is too large to sit dormant and frames the new north quad. It makes no sense IMO. 

Hopefully it's a major renovation to Lawlor if that's the direction they are going. It'd be pretty cool to have pro hockey games on campus if that's what that group is after

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