More than a decade after premiering a hit residency on the Strip, Boyz II Men are back with four shows at the Chelsea at the Cosmopolitan.
In a major step forward for the struggling north Strip, Wynn Resorts has announced it reached an agreement to buy the empty lot on Las Vegas Boulevard where the New Frontier once stood.
Wynn will pay $336 million for the 34 acres of the former New Frontier as well as 4 additional acres connected to the site, the company said in a statement late Wednesday night. The casino operator declined to say when or how it will develop the new property.
“The future development of the land will further change tourist visitation patterns in Las Vegas drawing more visitors to the north end of Las Vegas Blvd,” the company said.
The purchase is the latest shot in the arm for the beleaguered north Strip. New investors have stepped in this year to buy the mothballed Fontainebleau and struggling SLS Las Vegas while Genting Group has reignited construction of its World Resorts Las Vegas.
Once the deal is complete, Wynn will own 280 acres of contiguous property for development running from the Las Vegas Convention Center on Paradise Road west to Industrial Road, the company said.
The company plans to start construction of Paradise Park, which includes a 47-story, 1,500-room hotel, on the site of the Wynn Golf Course in January.
Wynn’s new projects come as the nearby Las Vegas Convention Center readies to launch its $1.4 billion expansion next year to add 1.4 million square feet of space, including a 600,000-square foot exhibition hall, by 2021.
More than a decade after premiering a hit residency on the Strip, Boyz II Men are back with four shows at the Chelsea at the Cosmopolitan.
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