[jjameson922]

Can't be. It doesn't have the view Skyvue will have. Skyvue, although not the highest, will have an unobstructed view of the Strip.

[ischyros]

Originally Posted by macgeek

My feeling is, why have TWO, why isn't ONE good enough?
We have the Linq, I never understood why someone would say "HEY WE NEED TWO OF EM"

Jonathan

The same reason Ziplines have been popping up everywhere. They were popular at the winter olympics two years ago and again last year at the super bowl and everyone suddenly needed to have one on their property! You can't let the competition have something you don't! How long until MGM announces a ferris wheel on the roof of the Monte Carlo?

[Oldwestgambler]

I am excited about the project and think it will look awesome with the Las Vegas Skyline. My family and kids look forward to riding it. The point that Skyvue has the better position on the strip, I would have to agree. All the major, newer higher end casinos are at the bottom (so to speak) of the strip. Plus, every tourist flying in will see the wheel and the ads being played. The wheel will become an Icon, because it will be in every picture taken at the Las Vegas sign and will become a symbol of Vegas in time.

[UTES]

I still think Skyvue will have a tough go of it. It may indeed have a commanding view - but the business model is hampered by other negative realities.

Location - The Skyvue area has foot traffic close to zero. The Linq is right in an incredibly high foot traffic area. Skyvue must be so attractive to potential consumers it gets people to go out of their way.

Finances - Skyvue, even if finished, will open so financially weak that some in the business community are already betting it will be bankrupt before the first revolution of the wheel. And, the developer does not have the deep pockets CET does for The Linq. Unless Skyvue and the related site businesses are an immediate hit, it will not survive. It must operate at or near capacity upon opening to make it. The Linq, on the other hand, can afford to run at a loss for quite some time.

Now, I'm usually pretty optimistic about LV Strip developments. And I consider myself a LV business supporter. But, every time I consider the business model behind Skyvue - I sincerely have serious doubts. I give Skyvue a 25% chance of survival at the 1-year mark.

Bill

[ischyros]

Originally Posted by UTES

Location - The Skyvue area has foot traffic close to zero. The Linq is right in an incredibly high foot traffic area. Skyvue must be so attractive to potential consumers it gets people to go out of their way.

I can see this as a problem. Part of the same problem the Stratosphere has. When you're at the very end, it's hard to get people from the middle of the strip to journey down that way. especially when The Linq is right in the middle of everything. Not to mention there's no (legal) way to get across Las Vegas Boulevard without going all the way up to Tropicana, crossing, and then back down, unless they put in a walkway just for the Skyvue. Then again, The Eiffel Tower is right in the middle of everything but I still go out of my way for the views from the Stratosphere because I find them to much more incredible.

EDIT: I guess there is a crosswalk at Hacienda Ave, isn't there.

[lvoc]

Originally Posted by UTES

I still think Skyvue will have a tough go of it. It may indeed have a commanding view - but the business model is hampered by other negative realities.

Location - The Skyvue area has foot traffic close to zero. The Linq is right in an incredibly high foot traffic area. Skyvue must be so attractive to potential consumers it gets people to go out of their way.

Finances - Skyvue, even if finished, will open so financially weak that some in the business community are already betting it will be bankrupt before the first revolution of the wheel. And, the developer does not have the deep pockets CET does for The Linq. Unless Skyvue and the related site businesses are an immediate hit, it will not survive. It must operate at or near capacity upon opening to make it. The Linq, on the other hand, can afford to run at a loss for quite some time.

Now, I'm usually pretty optimistic about LV Strip developments. And I consider myself a LV business supporter. But, every time I consider the business model behind Skyvue - I sincerely have serious doubts. I give Skyvue a 25% chance of survival at the 1-year mark.

Bill

I would note that opening financially weak does not doom the property merely the owners. In BK you shed the debt which then makes the place work if it is operationally profitable. See Planet Hollywood and the Rampart Casino.

[LV2ndHome]

Originally Posted by Oldwestgambler

The point that Skyvue has the better position on the strip, I would have to agree. All the major, newer higher end casinos are at the bottom (so to speak) of the strip.

I couldn't disagree more with this. Certainly more of the the higher end, and some of the newer ones (Wynn/Encore, Palazzo, City Center, new towers at Caesar's) are in the heart of the strip and within walking distance of the Linq. Skyview only has one major, not-as-new casino (Mandalay Bay) that is within easy walking distance.

Originally Posted by UTES

Location - The Skyvue area has foot traffic close to zero. The Linq is right in an incredibly high foot traffic area. Skyvue must be so attractive to potential consumers it gets people to go out of their way.

Nailed it... +1

Linq is in easy walking distance of of Caesars, Bellagio, Mirage, City Center, Venetian, Palazzo, Wynn, Encore, Treasure Island, Bally's, Paris, several other smaller casino properties, and the Fashion Mall.

Skyview is only an easy walk from Mandalay Bay.

I would add that Linq is taller, and even though it is in a more developed area, at 550' it will be tall enough to clear the surrounding obstacles well enough to provide a great view. Thus I don't see Skyview being in a more open area as much of an advantage. Tourists will put much more value on the convenience of Linq.

Originally Posted by lvoc

In BK you shed the debt which then makes the place work if it is operationally profitable.

That is a very big "if". A bigger one is if it will ever be completed and open at all.

[ScoopLV]

I'd mortgage the house and bet that Skyview will never be completed. MGM isn't going to swoop in and save the project -- and they're the only ones who would possibly want to. (It's close to five of their properties.) If they aren't going to save it, nobody will.

[lvoc]

Originally Posted by LV2ndHome

That is a very big "if". A bigger one is if it will ever be completed and open at all.

Please. That is a different question. If you can't get it up it obviously fails. But up is not sufficient.

If however up and operationally profitable it will survive.

I too would speculate they will never get it up...but then again I would have speculated they would never get the pillars up...

There is still one born every minute.

[Sloppy_seconds]

These would be better off in Summerlin.