Plans for Riviera implosion continue

Plans for Riviera implosion continueThe Riviera signage was removed this week as plans continue for summer implosions of hotel towers at the 60-year-old resort.

The disappearance of the Riviera whose stage was a performance venue for some of the biggest names in show business – Kenny Rogers, Frank Sinatra and Liza Minnelli to name just a few – is another example of how quickly major elements of the resort business become outdated when owners fail to  continue renewing their products.

But the casino-hotel’s biggest challenge during recent years was the failure of development plans at other properties along the northern section of the Las Vegas Strip.

The Las Vegas Convention and Visitors Authority purchased the Riviera in February 2015 for $182.5 million plus $8.5 million in related transaction costs. It plans to replace the 26-acre site with an expanded Las Vegas Convention Center.

The 60-year-old casino-hotel where Liberace and Frank Sinatra once were headliners closed down last May. The property had struggled in recent years as development around it went dormant, deterring walk-in traffic.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: .

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