Wynn Resorts plans to start construction as early as December on the first phase of its $1.5bn Paradise Park, creating a white sand lagoon waterfront featuring attractions in Las Vegas.
“We’ve got all these great ideas that are going into this lagoon and this beach front property,” said chairman and CEO Steve Wynn during the resort giant’s first-quarter earnings call.
The new park was first disclosed last year at its analyst day event but Wynn said the company’s board of directors had now approved the project and indicated construction will start in six or seven months.
Wynn laid out the first phase of the plan, which includes building a lagoon, boardwalk, new convention space and food services. That said, the company hasn’t indicated just how many phases of the park development there will ultimately be.
Paradise Park would be located on a nearly 130-acre golf course property owned by the company and adjacent to Wynn’s existing casino resort in the city.
Wynn said the park will feature a “20-odd acre lagoon in the middle of it and then we would build our meeting space, leave room for our new tower that could be a couple of thousand rooms.”
