Wynn May Not Expand Third Tower on Las Vegas Strip
Wynn Resorts wants to extend its permit for five years to build a third tower on the vacant land once occupied by the New Frontier Hotel and Casino. However, those plans were approved eight years ago for another project, and the Clark County Building Department is reportedly leaning toward denying the company's application.
According to documents uncovered by the Las Vegas Review-Journal, Clark County staff recommended denying the extension because no new building permits or studies had been submitted for review and some construction had failed since the first building permit was issued. Norms have changed.
A decision likely won't be made until the county zoning board considers the matter in April.
The Crowning of Failure to Fulfill Duties
Australian gaming and entertainment group Crown Resorts was given the first green light to build on the 35-hectare site north of Fashion Show Mall in 2015. In 2014, the company purchased the property for $240 million and then announced plans to build a $6 billion resort called Alon Vegas. These ambitious plans were scrapped in 2016.
Wynn Resorts purchased the property and three adjacent acres in 2018 for $336 million. The company later announced plans to build a 1,100-room casino resort called Wynn West, as it would be located on the west side of the Las Vegas Strip across from two towers of another of the company's resorts. Wynn West will connect to them via a climate-controlled bridge on the Las Vegas Strip.
According to Clark County documents, Wynn Resorts argued that its construction permits should be extended because the closure of all its projects has been delayed by the pandemic. The company funded a building height study in 2022, and the Federal Aviation Administration determined a 640-foot tower could be safely built on the property.
march westward and hold on
“I don’t think the design and development phase of Wynn West will be long,” then-company chairman Steve Wynn told analysts during a fourth-quarter 2017 conference call.
While pandemic-related shutdowns could explain construction delays since 2020, the reason no development timeline was announced before then is likely because Wynn Resorts went into a panic just weeks after the Wynn West announcement .
At the time, the Wall Street Journal published accusations from several women that the company's namesake sexually harassed or assaulted them at his hotels — accusations that Steve Wynn has always denied but which forced him to resign All corporate positions and accept this charge. His own actions plunged the company into chaos.
More Vacancy Plans
Aaron Las Vegas is not the first vacant proposal for the site. New Frontier owner Phil Ruffin is ditching his former Las Vegas casino resort in the first place because he sold the property below it for $1.2 billion in 2007, setting a record for Las Vegas. Vegas record.
The buyer is El-Ad Properties, owner of the Plaza Hotel in New York City, which plans to spend $5 billion to build a casino resort under the Plaza brand.
Just months after New Frontier collapsed on November 13, 2007, the Great Recession killed the project.
Since acquiring the vacant property, Wynn Resorts has rented it out for special events, including the Homecoming Series and the Taco Bell Innovation Summit, which will be held Feb. 8-11 during Super Bowl week One of dozens of events taking place on the Las Vegas Strip.
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Source: www.casino.org
