Downtown Hits Jackpot With Help from Old Friend - 8 News NOW

Downtown Hits Jackpot With Help from Old Friend

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LAS VEGAS -- A few new projects are promising thousands of new jobs as crews convert a historic hotel into an entertainment destination in downtown Las Vegas.

The Downtown Grand will be the anchor of a new entertainment area called Downtown Third.

Some of the businesses are in place such as the Mob Bar and other restaurants, but the major project is turning two twin towers into a destination for visitors and locals.

The Lady Luck was once a thriving hotel, but was forced to close in 2007. Since then, the towers have remained vacant and are an ominous reminder of better times.

Fifth Street Gaming CEO Seth Schoor said there is new life in the old hotel. The company plans to turn it into a job making machine.

"Las Vegas is known for it's very large integrated resorts, the fantasy of the Strip, which is a wonderful experience but we've been able to create something that will compliment that experience," Schoor said. "We've created a neighborhood, where the Lady Luck was two towers and a casino. We've taken over the street and created bars and restaurants at Downtown Third even allowing us to have outdoor gaming on the street."

The idea for the project started two years ago as construction crews are tearing down and rebuilding the foundation.

While the plans are still on paper, Fifth Street Gaming said the project will be a hip urban casino and hotel in the heart of downtown.

"I think it's capturing some of the old magic of downtown, but it's also really thinking forward," Cara Roberts of the Las Vegas Chamber of Commerce said.

If construction stays on schedule, the hotel should open sometime next year. One thousand construction jobs have been created and more than 3,000 will be added to staff the resort.

Fifth Street Gaming hopes it's the spark that ignites downtown Las Vegas for years to come.

When the resort is completed, there will be 650 hotel rooms along with a 30,000 square foot casino and several restaurants.

Fifth Street Gaming will hold a celebration for this project tomorrow as Mayor Goodman and other officials are expected to attend.

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