#PacificWatch: #Vegas Report: Fontainebleau grows, @JCBliss
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 8 June 2024
⏱️ 9 minutes
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Summary
#PacificWatch: #Vegas Report: Fontainebleau grows, @JCBliss
https://www.bloomberg.com/news/articles/2024-06-06/fontainebleau-vegas-owner-to-buy-nearby-land-for-112-5-million?srnd=homepage-americas&embedded-checkout=true&sref=5g4GmFHo
1953 Atomic cannon
Transcript
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| 0:00.0 | This is CBS High of the World. I'm John Batcher. The Vegas report Jeff Bliss's |
| 0:06.0 | specific watch. However, when we left Jeff left High Roller Bliss, he just |
| 0:12.0 | come from the strip. |
| 0:13.4 | I say that without quite knowing what it means. |
| 0:17.1 | And he was reporting on a healthy weekend in Las Vegas. |
| 0:20.7 | He's now returned to the land of California to report on a land sale next to the |
| 0:26.5 | fountain blow for a hundred and twelve million dollars. What costs a hundred |
| 0:29.9 | twelve million dollars in of land in Las Vegas. How much Jeff? Good evening to you. |
| 0:35.2 | Good evening John. So what we're talking about is you know what cost that |
| 0:39.3 | much location location location. It's five acres nearby to the Fountain Blue, which is this beautiful new hotel that opened up this past year after more than a decade of it being in the works and being built. |
| 0:51.0 | It's a gorgeous hotel and they want to inquire the |
| 0:53.5 | five acres nearby and further build out the resort, which is a good sign. It |
| 0:58.1 | shows that they do believe in the resort, which has been kind of struggling |
| 1:01.4 | since the beginning of their opening, but it also speaks highly |
| 1:05.6 | of what Vegas looks like in the future. |
| 1:07.4 | We know that over the next 10 years or so, Vegas is going to be surpassing the 3 million mark when it comes to the population. |
| 1:14.9 | And we know it's going to continue to grow as a sports, you know, play for sports, whether Formula |
| 1:20.3 | one or hockey or you name it football baseball |
| 1:23.8 | so this is a good sign it shows that they're putting big money into it |
| 1:27.7 | but you said a hundred and twelve point five minute |
| 1:30.4 | that's a pretty pricey you you know, price tag for five, eight years. |
| 1:35.4 | This acquisition reads the statement, which is strategically located for future growth, |
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