Kyle J. Payne and Lindsey Lewis
7 minutes ago
LAS VEGAS (KLAS) — Several small business owners petitioned Clark County Commissioners and the Las Vegas Convention and Visitors Bureau Tuesday for compensation for an estimated $20 million to $30 million in lost revenue.
This amount includes the financial shortfall suffered by a small number of businesses in and around the East Flamingo and Corval Lane area, where staff are upgrading that section of road to make way for the F1 racetrack. He was building a bridge.
Paving work on the bridge will begin in April and will completely bypass stores such as Jay’s Market, a gas station and convenience store that until recently housed a Port of Subs sandwich shop.
“They dropped the keys and left,” store owner Wade Vaughn told 8 News Now investigators Tuesday.
Bourne told CBS News in November on the eve of the first Las Vegas Grand Prix that F1 was causing him problems.
“We didn’t need F1,” Bourne said.
Months later, the bridge still hasn’t been installed, but Bourne said county officials have told him it won’t be in place until after Super Bowl 58 in Las Vegas on Feb. 11.
“The Super Bowl isn’t around me,” Vaughn said indignantly.
The business owners behind the bridge hired consultants and filed suit with the LVCVA and others on Tuesday, hoping for a full resolution.
“If they don’t compensate us and that bridge remains, by the time F1 comes around…I’ll be out of business,” Mr Bourne said. “one hundred percent.”
Emails sent late Tuesday to LVCVA and Clark County Commission spokespersons were not answered.
MGM Resorts reported that the three-day racing event was the highest-grossing weekend in history, with Wynn Resorts dealers reportedly divvying up $1 million in tips over the three days. This is part of the $1.37 billion earned by casinos statewide in November 2023. The numbers come from the latest report from the Nevada Gaming Control Board, which shows the Strip had its second-highest box office gross of all time for the month, with $802,099,082. This is 22.6% ($151,478,070) higher than the revenue reported in November 2022.
However, Downtown Las Vegas lost nearly $1.6 million in November 2023 compared to November 2022, according to the report.
