The locals-focused company, which operates the Palms, Red Rock Resort, Green Valley Ranch Resort and other casinos, owns 71 acres at Durango Drive and the 215 Beltway in the southwest valley, as well as 58 acres at Flamingo Road and Town Center Drive in Summerlin.

Why are the tracts still empty? And if Station doesn’t plan to build on them, why aren’t other investors buying the land? Station’s holdings are in some of the fastest-growing areas of Southern Nevada, if not the country. The lack of construction isn’t necessarily a bad thing - given how badly last decade’s bubble ended, it’s not unreasonable to be wary of a growth spurt in Las Vegas, a place prone to getting slap-happy for real estate. Today, construction is picking up in Southern Nevada and the economy is on stronger footing, but Station’s land sits untouched. Eli Segall Las Vegas Review-Journalīefore the economy crashed and the company went bankrupt, Station Casinos loaded up on land, buying big parcels around the valley for future hotels. Station Casinos is trying to sell the former Castaways site on Fremont Street south of Charleston Boulevard, as seen Friday, Aug.

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