Las Vegas Plaza

The Las Vegas Plaza is 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 ElAd Properties. Construction was scheduled to begin in early 2008 for completion in 2011, but no sign of activity beyond grading was visible in April 2010. The project is currently with a completion of 2012. It will be built on the 34.5 acres (14.0 ha) site of the former New Frontier Hotel and Casino which closed July 15, 2007. 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. The Plaza name comes from ElAd's...