Features
Vegas Resort Wants Frontier Site
Las Vegas could be getting a new resort on the site of the former New Frontier hotel and casino.
Photo: AP Photo / Isaac Brekken, File
The New Frontier Hotel & Casino is imploded in Las Vegas Nov. 13, 2007. A new resort cuold soon spring up on the vacant site.
A partnership between Australian billionaire James Packer, former Wynn Las Vegas President Andrew Pascal, and Oaktree Capital Management has acquired a controlling interest in the lot, which sits across from Wynn Las Vegas and has sat vacant since 2007.
Oaktree President Bruce Karsh told the Las Vegas Review Journal his firm decided to partner on the project because “we believed it was the best piece of undeveloped land on the Las Vegas Strip.”
The New Frontier and the land underneath it were purchased in 2007 for $1.24 billion, the paper said, to make way for a casino based on New York City’s Plaza Hotel.
The development never got off the ground in the midst of the recession. Groundbreaking on the new resort is planned for 2015. The property could reportedly open as early as 2018.