The company intends to develop on roughly 50 acres, while the 23 back acres at Durango will be sold for the development of multifamily residences.
This includes design costs, hard and soft costs for construction, pre-opening expenses, and financing costs. While executives are continuing to refine the construction budget, for now, it is expected to cost $750 million. A state-of-the-art sportsbook and resort-style pool will also be among its amenities. The venue will have 200 hotel rooms and suites, plus 21,000 square feet of convention and meeting space, as well as four full-service food and beverage outlets, reports Las Vegas Review-Journal. The hotel casino will cover 533,000 square feet, with 73,000 square feet of casino space for 2,000 slot machines and 46 table games. The development is expected to break ground in the first quarter of 2022, and will take 18 to 24 months to complete. Station Casinos’ planned casino resort at Durango Drive is now estimated to cost $750 million, according to the company's executives. There are no sale plans yet for three casinos that have remained closed since March 2020, while the Palms sale to the San Manuel Band will close before the end of the year.
The company will sell 23 excess acres at Durango, might replicate the strategy at other venues. The Durango Drive casino resort will break ground in Q1 2022, and will take 18 to 24 months to complete.
