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Stratosphere to undergo $140M renovation |

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Stratosphere to undergo $140M renovation

The Stratosphere is about take on a whole new look thanks to renovation plans.

The property's owners are ready to invest $140 million touching every part of the casino and hotel.

The Stratosphere is commonly known for its more affordable rooms and thrill rides at the top of its tower.

The company that bought it just last year, Golden Entertainment, says its upgrading all of that. When the announcement was made last week, they made note of other major projects already happening on the north end of the Strip.

Resorts World is already in full swing and has plans to open in 2020. More than 400 workers are moving things around every day.

And over at the former Fountaineblue, it plans to also open in 2020, as The Drew. And now, starting this spring, the Stratosphere will get major renovations.

"Fantastic. We'll come again," said Stratosphere guest Karen Harper.

"There ain't really much you can do to the rooms," said Stratosphere guest Barbara Fuessel. "Maybe a little bit more splash of color here and there."

Fuessel and her young daughter are staying at the property. The thrill rides at the top drew them in.

"We saw like this green claw and like it was a claw machine with people, couldn't tell it was people spinning around," she said.

Golden Entertainment bought the property just last year and not only are they upgrading grounds for the thrill rides, but the observation deck as well.

"That's going to be great. That's going to be awesome because we went all the way to the top and looked out the observation deck," she said.

Half of the rooms will be remodeled and a new gastro-brewery at the casino sports book are also part of that first phase.

The second phase will add a new steak house, and remodel the casino floor next year. And in 2020, the third and final phase will turn 50,000 square feet of existing space into room for conventions.

Not far from here, though, and off the Strip sits the Lucky Dragon which seems like it's luck is hanging by a thread. It's in the middle of bankruptcy and foreclosure.

8 News NOW has reached out to Lucky Dragon to see if there are any updates on the future of their hotel. We're waiting to hear back.

As for the Stratosphere, Golden Entertainment say they'll be working in the three phases to minimize any disruption to guests.

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