Davidson Real Estate Group

Tropicana implosion on track for October, executive says

Tropicana implosion on track for October, executive says

The implosion and clearing of the Tropicana resort property is on track, the general manager of the resort told regulators Wednesday.

Arik Knowles, the Bally’s Corp. executive who will be responsible for the October demolition of the shuttered Tropicana and the planned development of a resort with a $1.5 billion baseball stadium, was recommended for licensing Wednesday by the Nevada Gaming Control Board.

Knowles was found suitable as a key executive in a unanimous board vote. Final approval will be considered by the Nevada Gaming Commission on Aug. 22.

Knowles, a 28-year gaming industry veteran with experience at MGM properties, The Venetian and Fontainebleau, said his job responsibilities have changed since taking executive roles with Bally’s when it acquired the property from Penn Entertainment in 2022.

“Right now, the Tropicana is down to a handful of team members, including myself,” Knowles told board members, “mostly (human resources), finance, and a few facility folks. The demolition of the property using licensed contractors and strictly following all the local, county, state, federal guidelines have made significant progress as you probably have seen.”

Knowles said preparation for the October implosion, which doesn’t have a firm date, is about 80 percent complete.

“The two towers have been gutted,” he said. “We are planning an implosion of those towers in early October, and the site is scheduled to be clear in early 2025, months ahead of our April 2025 requirement.”

The Davidson Real Estate Group is the premier Las Vegas real estate team with a proven track record of success using custom high impact marketing strategies, hard work, and the knowledge and expertise that comes with nearly 20 years of experience in the real estate and mortgage industries. My team and I can help you successfully sell and/or buy anywhere in the Valley. From traditional sales, short sales and foreclosures, probate sales, high rise properties, first time home buyers, seasoned real estate clients, and real estate investors we’ve done just about everything.

 

Add Your Heading Text Here

Add Your Heading Text Here