Planned Plaza Hotel on Vegas Strip Is Dead
From Las Vegas Review-Journal:
Steve Wynn Doesn’t Want the Land, Either
The empty land on the Strip that once was the site of the New Frontier will remain empty. The Israeli company that bought the 36-acre site in May 2007 for more than $1.24 billion said Monday that it wrote off $500 million of the investment, according to a report in an Israeli financial media outlet. Elad Group planned to build a $5.7 billion version of New York's famous Plaza Hotel on the site, across from Wynn Las Vegas and adjacent to the Trump International. Click here for the full story.
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