Rio landlord Eric Birnbaum reveals plans to renovate the Rio in light of a possible Oakland A’s baseball stadium next door. According to the article, Birnbaum’s firm, Dreamscape Companies, announced that it raised $850 million in capital that will be used to launch a real estate investment trust that will own casino, hospitality, and entertainment assets, and fund a multi-phase renovation of the Rio. Major League Baseball’s Oakland Athletics is looking for possible properties in Las Vegas, including excess land at the Rio. The hotel is located on Flamingo Road about a mile west of the Strip and sits on 88.5 acres.
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