Stephen Siegel and John U. Tippins IV are having conversationsabout potential plans for the entire block with Covin and others,including national boutique hotel developers. The properties sitone block from Fremont Street Experience, a pedestrian-only,canopy-covered entertainment corridor that attracted nearly 19million visitors last year, and the city's new Fremont Eastentertainment district, which is under development.

"We believe in the potential of Downtown Las Vegas," saysTippins, who with partners is among the biggest landownersDowntown. "I bought into his vision four years ago and haveinvested significant time and the majority of my financialresources in Downtown."

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