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New Frontier to Be Imploded in Early 2006

By Chuckmonster on Thursday, 14th July 2005 8:44pm
  » filed under Las Vegas  comments: 0


The aging New Frontier hotel and casino could be torn down as early as the first quarter of next year to make way for a major resort with up to 3,500 rooms, owner Phil Ruffin said.
Ruffin, who is building two condo-hotel towers with partner Donald Trump on seven acres behind the New Frontier and facing the Fashion Show mall, said the as-yet unnamed resort would have more than 6,000 rooms because it would be attached to the two Trump-branded towers. The towers are each expected to cost about $500 million and feature about 1,300 units.

Ruffin's plans for a resort on the site have shifted dramatically over the years. Two years after acquiring the New Frontier for roughly $200 million, Ruffin in 2000 proposed a San Francisco-theme resort for $700 million. He scrapped plans for the 2,500-room property and proposed a much bigger casino with a boutique hotel nearby.

His latest plan involved a 3,000-room resort at a potential cost of $1.3 billion. Ruffin said he has revised those plans upward to 3,500 rooms and as much as $1.6 billion given current market conditions.

About five years in the making, plans for the first Trump tower were eventually upsized from about 300 units at a cost of $300 million.



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