Quantcast
Home manage Las Vegas Review-Journal
  Jobs Cars Homes Shopping Travel Weddings Golf Best of Las Vegas Photo   Search:

RECENT EDITIONS
Sat Sun Mon Tue Wed Thu Fri

sponsored by
Business


DOWNTOWN: Old woes but a new moniker

Developer proposes renaming Neonopolis as Fremont Square

The name Neonopolis will change but the outlook for the troubled mall remains the same: few tenants, few prospects and an abundance of skepticism about the operators' ability to revive the near-empty property.

Developer Rohit Joshi on Wednesday told the Las Vegas City Council he plans to re-brand Neonopolis as Fremont Square and is in negotiations with four major chains to lure a department store. He said he is in separate talks to attract two radio stations and a television station to the property at Fremont Street and Las Vegas Boulevard.


Most Popular Stories
  • Mayor calls Lady Luck casino 'carcass'
  • CASINOS IN COURT: Testimony heard in Wynn case
  • Consolidated Resorts files for Chapter 7 bankruptcy
  • Players turned away at WSOP
  • Fontainebleau files motion to leave offices
  • Area economy hits 'pause' period, economist says
  • NEVADAN AT WORK: Local gaming veteran sees opportunity in small Henderson casino
  • ONLINE GUY: Palm Pre promising but not ready to replace Apple iPhone in pocket
  • GAMING BEYOND NEVADA: Sands: Macau back in play
  • Las Vegas investor seeks approval of Riviera ownership stake




  • The revelations came as Joshi sought an extension of a subsidy at the city-owned garage beneath the property that allows customers to park for free. The parking is considered an important element to making the mall a viable place to do business.

    "Neonopolis as a brand name has not been a very efficient brand name," said William Marion, a public relations consultant who joined Joshi in front of the council.

    Marion said the name is an attempt to identify the mall as a link between the Fremont Street Experience, which draws more than 15 million tourists annually, and the nascent Fremont East district, the section of Fremont Street between Las Vegas Boulevard and Eighth Street where city officials provide incentives for business people to open small, locals-oriented bars and clubs.

    "It acts as a center for both of them," Marion said.

    Las Vegas Mayor Oscar Goodman wasn't impressed: "There's an old saying, 'you can't make a silk purse out of a sow's ear,'" the mayor quipped. "I don't think you can make Fremont Square out of that."

    Despite the skepticism, the council voted unanimously to extend the parking subsidy for the garage 30 days.

    Steve van Gorp, redevelopment manager in the city's Office of Business Development, said the agreement allows Joshi to buy parking for $1 an hour, half the market rate, which he passes along to customers who visit the mall.

    He also said the structure, opened in 2002, needs to be updated to meet modern consumer tastes for shopping centers.

    "It probably needs to be more open to Fremont Street and more inviting to folks to bring them into the project," van Gorp said.

    Goodman said eliminating parking privileges for the public would only hurt the mall's few tenants, especially Galaxy Theatres, which operates several movie screens and gets positive reviews from customers.

    "The movie theaters are, in fact, outstanding movie theaters," Goodman said. "I don't want to punish them."

    Goodman's remarks weren't the first time city officials showed a lack of confidence that Joshi and mall owners Wirrulla Hayward LLC could revive Neonopolis.

    In April, city officials talked with representatives of General Growth Properties, a $16 billion mall company based in Chicago, about buying Neonopolis. General Growth declined, leaving Wirrulla Hayward and Joshi in charge of the mall and city officials frustrated with the lack of progress.

    "It is iconic," said Goodman of the mall's location at historic Fremont Street and renown Las Vegas Boulevard. "This is a blight," he said of the mall itself.

    Although the mall is in private hands, the city has an interest in its success. In addition to owning the parking garage, the city holds an $18 million note on the property that's payable if the mall meets certain revenue goals.

    Wirrulla bought the mall last year for $25 million and, through Joshi, has made promises to fill it with tenants. But there has been little progress so far.

    After the council meeting Wednesday, Joshi said he appreciates Goodman's frustration.

    "We want to do it faster than anybody, of course," Joshi said.

    He plans to attend the International Council of Shopping Centers spring convention May 20-23 at the Las Vegas Convention Center to recruit potential tenants.

    Goodman said he also plans to attend the event with the stated goal of finding somebody willing to purchase the mall from Joshi's firm.

    "I'm going to try to tout you, to be honest," Goodman told Joshi. "Because I want to see you out of there."

    Newsvine Digg Fark Technorati reddit StumbleUpon del.icio.us Slashdot Propeller Mixx Furl Twitter MySpace Facebook Google Bookmarks Yahoo! Bookmarks Windows Live Favorites Ask MyStuff myAOL Favorites

    Leave Your Comment 1 Reader Comments
    Terms & Conditions
    The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

    Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.
    Current Word Count:

    Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background.

    Bob Rushing wrote on May 03, 2007 07:27 AM: NOopalis was a lousy concept from the begining. Name changing is equal to re-arranging Titanic deck chairs. Locals don't use it and tourist don't waste their time on it. Maybe it could be converted into a senior housing facility or a homeless shelter. Get real Oscar Goodyman. Downtown is on life support. Pull the plug.