In 2005, when then-Harrah’s Entertainment purchased the venerable Imperial Palace hotel-casino, it was thought to be only a matter of time before the building was imploded to make way for a reinvention of its side of the Strip. However, time passed and nothing was done. Then, a 2008 leveraged buyout of Harrah’s (now Caesars Entertainment) made a completion teardown-and-rebuild of the site financially unfeasible.
