Now, GCA Leisure, LLC wants to bring the Moulin Rouge back to its former glory:
GCA Leisure has extensive plans to develop a new and vibrant Moulin Rouge Resort and Casino on more than 15 acres of this landmark ground, promising to be one of the premier entertainment, hotel, dining and gaming destinations in Las Vegas. The project also will include online and mobile gaming, music and film recording venues, a digital content creation facility and an institute of learning.
The intentions sound great, but the chances of this project becoming a reality (and a successful one at that) sound daunting, to say the least. The press release states that GCA Leisure is "currently in discussions with several potential partners" which implies, to us at least, that financing still needs to be put into place. Even if financing comes together, Moulin Rouge resides in a section of town that has long been depressed and one that has a high homeless population. If they build it, they will almost certainly need to lead the way in addressing the area's challenges. Based in New York, GCA Leisure is a subsidiary of GCA Capital Group, which describes itself as a diversified financial services, business development and advisory firm.
This isn't the first time there's been talk of bringing the iconic name back to life. In 2008, a year before the devastating fire and resulting demolition, there was an attempt to restore the property that went unrealized after a failure to find financing.
The Moulin Rouge was placed in the National Register of Historic Places in 1992. In order to keep its gaming license, the casino "opens" once every two years via a temporary on-site trailer and today is that day.
(Postcard: VegasTodayAndTomorrow.com; Photo: VegasChatter)