Another statue in the center of the casino featured a couple riding a dolphin set upon a bronze globe. At its opening the resort's retail area was still largely under construction and consisted only of vendor cars spread across three areas with their own theme Chinese French and Manhattan. The tower coast $70 million to construct. The tower's pod contains 12 stories and has one and a half miles of criss crossed fiber optic cable with lights which alternate between eight different colors.
A 149 foot needle located on top of the pod consists of a five square foot steel beam frame with an internal ladder. Atop the frame are two four inch beams which form an X. The observation deck rises 872 feet. The pod included two concrete banded bunker floors located beneath its three wedding chapels for use in the event of an emergency. Stupak's critics did not believe he would be able to complete the tower in part because of his controversial promotional tactics at Vegas World. Although the resort is located north of the Las Vegas Strip it advertised itself as being on the Strip with the slogan We define the top of the Strip.
The Stratosphere was projected to attract at least 5.5 million visitors in its first year. Around the time of its opening financial future.Revenue for the first five weeks was lower than expected. Stratosphere Corporation attributed the low results to the resort being party unfinished and said it would borrow $48.5 million from Grand Casinos to finance enhancements to the property including the completion of the 1,000 additional rooms and the opening of retail shops. The resort continued to suffer financially.
Stupak who had already projects resigned as chairman less than three months after the opening leaving Berman in charge. Stupak's statue was subsequently removed from the poperty. Berman intended to make the resort profitable but ultimately declared bankruptcy in January 1997. Stupak had previously called Berman the best casino operator in the world but later said about Grand Casinos operation of the resort They just weren't up to it. Carl lcahn planned to purchase the bankrupt resort.
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