When Phil Ruffin bought the Treasure Island in 2009 many praised him for being a savvy businessman who dodged the economic crisis and snatching up a prime strip property for a bargain basement price. Now, two years after he bought Treasure Island Phil Ruffin is hard at work transforming Treasure Island from a resort with elements of luxury to a place that caters to mid level customers. Phil Ruffin joins us to talk about how his vision of Treasure Island is shaping up.
You should really interview the employees at Treasure Island to hear the real skinny on how well Phil Ruffin is thought of.
After telling everyone that "nothings going to change" as the purchase was going through, he then slashed vacations and benefits after any chance of moving to other properties was not an option.
As the property goes he's done great.Great ideas with Gilleys and soon Senior Frogs and also a new Starbucks/Margerita bar right out on the Strip. It's going to make a killing.
But unfortunately he's disregarded his most valuable asset..the employees that love Treasure Island as if it's their home...long before he came back to town.Frank Z. –Jun 15, 2011 21:31:26 PM
Great interview with Phil Ruffin - I've always liked Treasure Island
I think the county should initiate an "eyesore" tax - where folks who buy an existing property and immediately blow it up without having the first clue about how they were going to fully finance its replacement should have to pay some kind of compensation for the unsightly mess thet have left
Proprties that come immediately to mind are the Fontainbleau, Echeon Place and the new Plaza that was supposed to replace the New Frontier
Some of these abandoned sites look simply awful....Chris –Jun 9, 2011 09:27:50 AM