The property has been idle since 2006 and casino officials are hoping the property will serve as an anchor for Downtown3rd, an emerging district near Third Street and Ogden Avenue which will eventually feature 18 bars and restaurants.

“It’s happening,” said Fifth Street Gaming CEO Seth Schorr. “We’re creating a neighborhood, not just a hotel-casino. Las Vegas doesn’t have a true pedestrian center, something that’s authentic, which complements the bars and restaurants on East Fremont.”

Work on the project will last 10 months to one year and will include the renovation of 650 rooms and the addition of a pool and spa as well as 50,000 square feet of casino floor and 20,000 square feet of retail shopping.

When complete, the Las Vegas casino will feature 600 slot machines and 35 table games.

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