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L'auberge Du Lac Question
Posted on 3/1/12 at 10:51 am
Posted on 3/1/12 at 10:51 am
MT real estate gurus.... With the impending opening of the L'auberge Du Lac casino in South BR, what effects, if any, do you foresee with regards to residential property values in the surrounding areas, specifically the Springlake/Fairhill subdivisions.
4
Posted on 3/1/12 at 11:19 am to omarlittle
All properties in a 2 mile radius will go to zero. Drug dealers on every corner and armed robberies nightly. This according to some shrill panicked woman at a casino meeting at the Bluebonnet library a few years back.
In all likelyhood it will have zero negative effect on Springlake/Fairhill. Possibly a positive effect on Gardere which would in turn positively impact Spring/Fair.
In all likelyhood it will have zero negative effect on Springlake/Fairhill. Possibly a positive effect on Gardere which would in turn positively impact Spring/Fair.
Posted on 3/1/12 at 1:40 pm to Camp Randall
Property value should go up over time, but it will more attributed to the diserability of the area. The proposed residential/retail from Wampold will draw ppl in. It will be interesting to see what restaurants move to the area as it is lacking in good eats, or any eats for that matter.
If youre asking for the purpose of beating the uprising costs in anticipation of selling later, dont waste your time. It wont be that significant unless its over a long long period of time.
As for me, Im ready for a decent poker room in BR.
If youre asking for the purpose of beating the uprising costs in anticipation of selling later, dont waste your time. It wont be that significant unless its over a long long period of time.
As for me, Im ready for a decent poker room in BR.
This post was edited on 3/1/12 at 1:43 pm
Posted on 3/1/12 at 2:23 pm to fastedLSU
I would hope that it would spur some change to the Gardere area
Posted on 3/1/12 at 2:35 pm to omarlittle
I was just considering purchasing a home in this area and wanted to get some idea from those in the kinow if home values would decrease in the future as a result of LDL.
Posted on 3/1/12 at 2:57 pm to omarlittle
The casino will likely be very nice and cater to the "upscale" non-Vegas gambler. The local gambling addicts will still go to the boats(lower buy-ins), so you shouldn't have a problem there.
Hopefully the hotel will shuttle people to and from LSU sporting events.
Hopefully the hotel will shuttle people to and from LSU sporting events.
Posted on 3/1/12 at 9:56 pm to omarlittle
In Lake Charles, LDL keeps the trash out of the casino with higher table limits. The trash/poor people play at the Isle of Capri.
They can do this in LC because Houston is 2 hours away, with a lot of people willing to play $25/hand minimum on blackjack. I'm not sure how that's going to work out in BR.
They can do this in LC because Houston is 2 hours away, with a lot of people willing to play $25/hand minimum on blackjack. I'm not sure how that's going to work out in BR.
Posted on 3/1/12 at 11:05 pm to Ric Flair
quote:
They can do this in LC because Houston is 2 hours away, with a lot of people willing to play $25/hand minimum on blackjack. I'm not sure how that's going to work out in BR.
exactly my thoughts
Posted on 3/3/12 at 4:02 am to omarlittle
I've been trying wrap my mind around the casinos impact on real estate. I'm currently debating on whether it's worth buying a home near the casino (i personally love this house) and it's not really in the area that I love. I drove down Nicholson today and the drive is not that bad but getting back to the interstate was freaking awful!!! Some of you may have gone down Bayou Paul before? It's the last time I will ever attempt to take this road. Crazy curves, slow drivers (20 MPH Speed Limit), and the most depressing display of wealth inequality I have ever seen in my life. It literally got me sickseeing mansions literally in the same pasture as 30 year old, run down trailer homes. It was a non stop cycle all the way down Bayou Paul. Anyway, I love this house but the school district is terrible (Iberville). Probably going to pass but I do think this house can rent for a premium because its right next to the casino. If there is a real estate guru around I'd love to get some opinions on this house.
This post was edited on 3/3/12 at 5:27 pm
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