2007: Israeli investors buy and implode New Frontier hotel 2014: Crown Resorts acquires property through foreclosure 2015: Clark County approves plans for 1,100-room, 3.4 million-square-foot Alon Las Vegas 2016: Crown backs out of Alon project 2017: Site listed for $400 million 2017: Wynn Resorts agrees to buy site for $336 million
Wynn Resorts has announced it reached an agreement to buy the empty lot on Las Vegas Boulevard where the New Frontier once stood. Wynn will pay $336 million for the 34 acres of the former New Frontier as well as 4 additional acres connected to the site. The company hopes the development will bring more tourists to the north end of the Strip. Once the deal is complete, Wynn will own 280 acres of contiguous property running from the Las Vegas Convention Center on Paradise Road west to Industrial Road Wynn plans to start construction of Paradise Park, which includes a 47-story, 1,500-room hotel, on the site of the Wynn Golf Course in January.
