Las Vegas Plaza


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.

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.
It would have been built on the 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.
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.
On June 26, 2015, Crown Resorts officially announced that the new hotel, called Alon Las Vegas, would be located in the former New Frontier site.
The Alon project was eventually abandoned and the land was sold to Steve Wynn.

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 included:
The grand total for the project included of parking garages and a total area of.

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 alleged that the new property's name infringes on the current Plaza's trademark.

David Atwell

In 2008, broker David Atwell and the El-Ad group settled out of court, after Atwell sued the group claiming he had initiated the $1.24 billion sale of the New Frontier to Elad from owner Phil Ruffin.