Prime Las Vegas strip site sold to Wynn Properties for $336 Million

 New Frontier is now owned by Steve Wynn

Steve Wynn has purchased the parcel across the strip from Wynn Las Vegas that was formerly the New Frontier and was supposed to be the site of a resort called Alon.
In a complicated deal that involved additional land not owned by the principle seller, Wynn acquired 38 acres for $336 million ($8.8 million per acre).
Before Alon, the site was purchased in 2007 for $1.2 billion by a group out of Israel that intended to build a resort called the Plaza. No immediate plans for the parcel were announced and nothing is expected immediately given Wynn’s full plate of development in Las Vegas and Boston, but it’s the latest wild card on the fast-developing north strip scene.

About the Frontier:

The New Frontier (formerly Last Frontier and The Frontier) was a hotel and casino on the Las Vegas Strip in Paradise, Nevada, US. It was the second resort that opened on the Las Vegas Strip and operated continuously from October 30, 1942 until it closed on July 16, 2007.[1] The building was demolished on November 13, 2007.

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