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Wynn to Set Aim On Project CityCenter?

By Chuckmonster on Tuesday, 24th May 2005 11:33pm
  » filed under Las Vegas  comments: 0


Wynn Resorts Ltd. is likely headed toward developing a master-planned urban village on the 135 acres adjacent to its newly opened Wynn Las Vegas, a recent Wall Street report said. No official announcement has been made and Wynn Resorts did not confirm the report. However, banking sources close to the company said the project is likely to resemble MGM Mirage's recently announced Project CityCenter south of Bellagio. It also fits with developer Steve Wynn's original plan to build six towers with 3,000 rooms each. The report said as more developments are announced, the concept of self-contained urban villages is likely to gain traction in Las Vegas.

Despite all the hype over the Strip, casino bosses and analysts are skeptical that 30,000 hotel rooms really will come online by 2010. Least likely to be completed are the long-promised megaresort at Phil Ruffin's New Frontier (3,000 hotel rooms), the much-speculated redevelopment of the Tropicana (4,000 hotel rooms) and the hotel component of Turnberry Place (1,000 hotel rooms), analysts say



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