This Week in Gambling: Multibillion dollar Las Vegas resort planned
9 May 2024Can a new Las Vegas resort become the tallest, most luxurious in all of Sin City? The folks at LVXP real estate development seem to believe so. And they have plans to build a new, multibillion dollar Las Vegas Resort on the north end of the Strip.
A team of real estate developers is planning to build what could be the city’s tallest Las Vegas resort ever on the 27-acre site that formerly held the Wet ‘n Wild waterpark. LVXP, a Las Vegas-based real estate developer, plans a multibillion dollar 2,500-room ultraluxury resort anchored by a state-of-the-art NBA-ready arena. Developers said the project, which would prioritize sustainable development and green initiatives led by world-class construction partners, is expected to create thousands of jobs, employ union labor, and generate substantial revenue for the local economy.
LVXP is also looking to dust off Federal Aviation Administration approvals granted in 2008 allowing construction of a Las Vegas resort up to just under 1,200 feet. The nearby Strat tower is the tallest structure west of the Mississippi River at 1,149 feet. One of the first negotiations LVXP made was with Las Vegas-based Steelman Partners, which has designed casino-resorts worldwide. Among them are Circa in downtown Las Vegas, and Crockfords resort at Resorts World Las Vegas on the Las Vegas Strip.