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Espiard said he has 70 pinball machines at home and prefers mechanical games over electronic ones. Normandy took ownership through a bulk acquisition of soured loans, Parks said.Įfforts to get comments from Normandy were not successful Monday.īoth tourists and locals play at the Pinball Hall of Hame, and on Monday, they included 48-year-old French carpenter Nicolas Espiard, who is visiting Las Vegas with his wife and two sons for five days as part of a five-week U.S. “This was a unique use that … I had never heard of, for sure,” he said.Ī Florida investor set out to build a condo tower on the site during the mid-2000s bubble, but lost the land to foreclosure. Parks said most prospective buyers he meets with about land on or near the Strip want to develop hotels or apartments. The group has a building fund, said Arnold, who indicated it was similar to a church setting aside money for a new facility.ĬBRE Group broker Michael Parks, who represented Normandy, said the online auction was held June 20 and the sale closed July 18, although the transaction has not shown up in Clark County records. Arnold’s nonprofit group reported $1 million in revenue for 2016 and about $197,000 in expenses, according to publicly available tax returns. The Pinball Hall of Fame may rely on fistfuls of pocket change, but with an all-volunteer staff, it books a wide profit margin. He said the purchase price was almost $4.6 million and that he paid cash.
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It would also mark the latest effort in Las Vegas to lure tourists who don’t want to gamble all day and instead want to shoot machine guns, ride zip lines or do other activities outside the casino floor.Īrnold, president of the nonprofit Las Vegas Pinball Collectors Club, the arcade’s owner, bought the south Strip property at auction from New Jersey-based Normandy Real Estate Partners.
The move would bring a rare construction project to the south Strip, which has megaresorts on one side of the street but vacant lots, boarded-up buildings and an abandoned Ferris wheel project on the other. Project plans aren’t finalized, and Arnold said he has “no idea” when construction would start. “What’s the point of having these other games if we don’t have the space to operate them?” he said.Ĭharlotte Owens, who launched the arcade with Arnold, her husband, said they want to build a 27,000-square-foot facility - more than triple the size of its current building - that would look, on the outside, like a pinball machine.
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It’s crammed with 250 pinball machines – plus other games – but Arnold has an additional 800 machines in storage. The Pinball Hall of Fame has been based in the 8,600-square-foot building near UNLV since 2009.
He now plans to move his 1,000-plus pinball machines to a new, bigger facility on the Strip, where more crowds might stroll in to pump quarters into his games.Īrnold confirmed that he recently acquired a 1.76-acre parcel of land on the east side of Las Vegas Boulevard just south of Russell Road, at the south edge of the Strip, and that he plans to move the Pinball Hall of Fame there from its current location at 1610 E.
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“We’re by far not a professional organization,” he said.
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The 62-year-old used to install pinball machines at bars and restaurants but, he says, is “too stupid to stop.” He doesn’t use spreadsheets or analysis for his venue, the Pinball Hall of Fame, and he said his title is “director of stuff and things.” Richard Brian Las Vegas Review-Journal Vegas arcade operator Tim Arnold doesn’t claim to be much of a businessman. Tropicana Avenue in Las Vegas on Saturday, July 28, 2018.
The Pinball Hall of Fame located at 1610 E.
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