inAugust

The Siegel Group president Stephen Siegel tells GlobeSt.com thathe is master planning the chunk of Downtown as a singlehotel-casino. Short term plans include a complete renovation of thehotel-casino and the adjacent Travel Inn into a single resort.Siegel says he has $3.5 million in financing lined up for the firstphase of the renovation. Longer term plans include additionalstructures that will expand the gaming, hospitality and retailcomponents. The other half of the block is a parking garage ownedby the City of Las Vegas.

"We are young guys that are very hands-on with tremendous energyand new ideas and we are 100% committed to transforming the GoldSpike into one of the hottest hotel-casinos in Downtown Vegas,"says Siegel, 37. "While our immediate focus is to operate theproperty while making much needed capital improvements, we are alsofocused on taking a lead role in the revitalization efforts thatare occurring, helping to clean up the surrounding area and attractfurther investment."