Las Vegas Plaza

This article is about the planned Las Vegas Strip casino. For the downtown Las Vegas casino, see Plaza Hotel & Casino.
Las Vegas Plaza
Location Paradise, Nevada
Address Las Vegas Boulevard
Opening date n/a
Theme Plaza Hotel
Number of rooms 6,700
Total gaming space 175,900 sq ft (16,340 m2)
Casino type Land-based
Owner El-Ad Group
Coordinates 36°7′46″N 115°10′6″W / 36.12944°N 115.16833°W / 36.12944; -115.16833Coordinates: 36°7′46″N 115°10′6″W / 36.12944°N 115.16833°W / 36.12944; -115.16833

The Las Vegas Plaza was the working name for a future $5 billion to $8 billion multi-use ultra-luxury hotel, private residences, retail and gaming complex to be developed on the Las Vegas Strip by El-Ad Group.[1]

History

Construction was scheduled to begin in early 2008 for completion in 2011, but worsening economic conditions in 2008 caused the project to be suspended and ultimately cancelled in 2011.[2]

It would have been built on the 34.5 acres (14.0 ha) site of the former New Frontier Hotel and Casino which closed July 15, 2007 and the Silver Slipper casino which closed on November 29, 1988. ElAd purchased the New Frontier for $1.2 billion from Phil Ruffin in a deal announced May 15, 2007. This property purchase set a new record for Strip land at over $33 million an acre.[3]

The Plaza name comes from El-Ad's flagship property, the Plaza Hotel in New York City. The company's current design plans for the Las Vegas complex are based on the New York Plaza.[1]

In August 2014, Crown Resorts bought the site of the New Frontier Hotel and Casino on the Las Vegas Strip with the intent to build a new hotel beginning in 2015.[4]

On June 26, 2015, Crown Resorts officially announced that the new hotel, called Alon Las Vegas, will be located in the former New Frontier site. Groundbreaking began later that year and will open in 2018.[5]

Proposed facilities

On December 16, 2007, the El-Ad Group put their plans for The Plaza before the Clark County planning commission for approval. The plans include:[6]

The grand total for the project includes 3,317,400 sq ft (308,200 m2) of parking garages and a total area of 15,080,846 sq ft (1,401,056.4 m2).

Lawsuits

August 2007

In August 2007, a lawsuit was filed against ElAd Properties by the Tamares Group, owners of the Plaza Hotel & Casino in downtown Las Vegas, which alleges that the new property's name infringes on the current Plaza's trademark.[7]

David Atwell

Depositions have been taken in a case filed by Resort Properties of America broker in U.S. District Court. Resorts longtime Las Vegas broker David Atwell is seeking $12 million plus damages for unpaid fees. He claims he initiated the $1.24 billion sale of the New Frontier to Elad from owner Phil Ruffin, Atwell has had dealings with Steve Wynn, Caesars Palace, Sheldon Adelson to name a few. Atwell's attorneys will call Elad president Miki Naftali and founder Yitzhak Tshuva for depositions in the coming new year.

References

  1. 1 2 Nakashima, Ryan (2007-11-12). "Vegas' New Frontier to Become History". Associated Press.
  2. ↑ Stutz, Howard. "Frontier site to remain empty on Las Vegas STrip". Casino City Times. Retrieved 16 February 2012.
  3. ↑ Stutz, Howard (May 16, 2007). "MORE THAN $1.2 BILLION: New Frontier sale sets record". Las Vegas Review-Journal.
  4. ↑ James Packer snaps up Las Vegas site
  5. ↑ http://vegasinc.com/business/real-estate/2015/jun/26/vision-alon-las-vegas-resort-former-new-frontier-s/
  6. ↑ The Plaza Las Vegas
  7. ↑ Spillman, Benjamin (August 10, 2007). "What's in a name? Owners of Plaza say plenty". Las Vegas Review-Journal.
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