A year has gone by, and many people had forgotten about the project until a recent Business Week article confirmed that Harrah's is still aiming on building the development in 2011. The cost of the project would reportedly be less than $1 billion.
Here are my thoughts on the project:
I love the idea of turning the street into a pedestrian only street. It's a hassle to cross that street at times, and big crowds can build up near O'Sheas and in front of Margaritaville. Having the street pedestrian only would clear up that congestion and make the whole area a lot safer and more convenient.
Having lots of bars and shops all together sounds like a good idea, but they will need to attract some pretty unique places to entice people to wander down the street. Hopefully they'll have some cool joints and not just an extended O'Sheas food court.
Lastly, I don't really like the Ferris wheel idea. They need an attraction at the end of the street to get people to walk down there, but I'm not sure a Ferris wheel is what people want in Las Vegas. I could be wrong though, as the London Eye seems pretty popular, and people are always looking for great views of the Strip.
UPDATE: August 3, 2011.
Clark County has approved the project and new renderings have been revealed. See them here.
