Eastside Cannery property to be demolished by Boyd Gaming | Casinos & Gaming

Boyd Gaming Corp. by no means reopened its Eastside Cannery property after Nevada’s casinos had been closed for 78 days in 2020 throughout the coronavirus pandemic.

Now, the Las Vegas-based firm has decided about what to do with the 17-year-old property and its 16-story tower holding 307 resort rooms: demolish it and switch the land right into a housing improvement.

Boyd officers on Friday confirmed its intent with a quick emailed assertion.

“It has been more than five years since we closed Eastside Cannery, and there is not sufficient market demand to reopen the facility,” Boyd’s assertion mentioned. “Given this, we are finalizing plans to demolish the building. We are currently in discussions to sell the site for residential use.”

For years, the corporate waited and watched east Las Vegas market situations alongside Boulder Highway the place Boyd has its Sam’s Town locals property to the north and is changing its Henderson Joker’s Wild Casino with Cadence Crossing to the south.

Boyd operates 10 locals and downtown Las Vegas casinos in Southern Nevada.

The firm broke floor on Cadence Crossing in April, two months after it introduced the choice to buy the 29.5 acres the place the resort stood from former Eastside Cannery operator Bill Wortman for $45 million. In February, Boyd didn’t say what was in retailer for the property that first opened its doorways Aug. 28, 2008.

Boyd acquired Eastside Cannery and its North Las Vegas sister property, Cannery, for $230 million in 2016.

In addition to its resort rooms, Eastside Cannery had a 64,000-square-foot on line casino, a number of bars and eating places, a Sixteenth-floor membership, a 250-seat leisure lounge and 20,000 sq. toes of assembly and ballroom area.

After the constructing’s 2020 COVID-19 shutdown, Boyd maintained it by investing greater than a half-million {dollars} a month to run utilities inside and maintain IT and safety programs safe and working.

In letters to Clark County, Boyd mentioned Three Square Food Bank used the property as a weekly meals distribution website throughout the pandemic, and police and firefighters used it for coaching drills.

The Metropolitan Police Department carried out greater than a dozen coaching workouts at Eastside Cannery, together with room clearing, active-shooter situations and cadet seminars. Crime scene investigators additionally used resort rooms as a part of their academy testing.

The Clark County Fire Department additionally used the property to coach on stairwells and to follow room searches and elevator rescues.

The deliberate Eastside Cannery demolition marks the ultimate Las Vegas Valley on line casino property disposal because the huge COVID-19 shutdowns. Red Rock Resorts offered and finally demolished three of its properties: North Las Vegas’ Texas Station and Fiesta Rancho and Henderson’s Fiesta Henderson. The North Las Vegas properties are being remodeled right into a retail plaza whereas Henderson authorities leaders are reviewing what’s deliberate at Fiesta Henderson.

The solely standing however nonetheless shuttered on line casino property from the COVID-shutdown period is the Colorado Belle on the Colorado River in Laughlin.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on X.