Circa Resort & Casino (‘’Circa’’) will be a 1.3 million square-feet (‘’SF’’) resort and casino facility encompassing one square city block in Downtown Las Vegas. Circa is the first resort & casino ground up development since 1980 in Downtown Las Vegas. Circa will be situated on approximately 400 SF of prime frontage on the Freemont Street Experience (‘’FSE’’), one of the most frequently visited tourist destinations globally, with over 21 million visitors annually. Circa will be 36 floors with 777 hotel rooms, 100 luxury suites, a two-level casino, the longest outdoor bar on the FSE, a three-story stadium style sports book, 11,000 SF of retail space, a beach club and rooftop pool area, health club/spa/fitness center and a 9-level parking garage designed for Circa guests covering 1,250 parking spaces.
APPROXIMATELY $1.2 BILLION
APPROXIMATELY 9,513 TOTAL JOBS; 48 PER INVESTOR
198 MEMBERSHIP UNITS TOTALING $99 MILLION (9% OF CAPITAL STACK)
UP TO 3% TO INDIVIDUAL INVESTORS
EB-5 capital is projected to represent $99 million or 9% of the total $1.2 billion project capitalization. Other sources include a Senior Loan ($685 million, 56%), and Developer Equity ($429 million, 34%). The developer will bridge the EB-5 portion until EB-5 funds are available.