Wynn Resorts confirms US$500m plans to build man-made lagoon at vegas resort
Wynn Resorts has confirmed plans to build a US$500m (€458.7m, £390m) lagoon theme park at the company’s resort complex in Las Vegas, Nevada.
The 20-acre Paradise Park attraction, which in the day will hosts watersports and in the evening fireworks displays, will be made up of a lagoon with a white sand waterfront, featuring a host of attractions along a 4,000ft (1,220m) boardwalk.
Speaking during an earnings call, Wynn Resorts CEO Stephen Wynn said the lagoon’s development would “energise” the surrounding real estate, with the attraction acting as an anchor for future development.
“We would put this lagoon at the heart of it,” said Wynn. “Then we would build our meeting space, leave room for our new tower that could be a couple of thousand bedrooms. We would leave room for everything and masterplan it. But first we would build the park to support our existing restaurants, casino, convention meeting space and catering operations.”
The plans were first revealed last year, but have now been approved by the Wynn Board of Directors, with construction to start at the end of 2017. The park will be multi-purpose, appealing not only to the Las Vegas convention and gambling markets, but also to families. Speaking during the earnings call Wynn guaranteed “an absolute certain return” on the US$500m investment “excessive of 10 or 15 per cent”.
Paradise Park is expected to take a year to develop, with a projected opening date for the lagoon and its amenities by early 2019.
“We've committed to plans and that's been approved by the board of directors,” said Wynn. “We can affect this tremendous uptick in the value of our surrounding real estate.”
Wynn Resorts visitor attractions theme park Las Vegas Lagoon Stephen Wynn Paradise ParkIAAPA 2016: Triotech announces plans for Fear the Walking Dead attraction in Las Vegas
Top news this week: Baha Mar resumes construction, Wynn Palace in Macau opens 48,000sq ft spa, Aman to spend US$30m in new spa developments and refurbs
Wynn Palace Macau’s 48,000sq ft spa has its own Foucault pendulum
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
Europe's premier Evian Spa unveiled at Hôtel Royal in France
Clinique La Prairie unveils health resort in China after two-year project
GoCo Health Innovation City in Sweden plans to lead the world in delivering wellness and new science
Four Seasons announces luxury wellness resort and residences at Amaala
Aman sister brand Janu debuts in Tokyo with four-floor urban wellness retreat
€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
Two Santani eco-friendly wellness resorts coming to Oman, partnered with Omran Group
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Ritz-Carlton, Portland unveils skyline spa inspired by unfolding petals of a rose
Rogers Stirk Harbour & Partners are just one of the names behind The Emory hotel London and Surrenne private members club
Peninsula Hot Springs unveils AUS$11.7m sister site in Australian outback
IWBI creates WELL for residential programme to inspire healthy living environments
Conrad Orlando unveils water-inspired spa oasis amid billion-dollar Evermore Resort complex
Studio A+ realises striking urban hot springs retreat in China's Shanxi Province
Populous reveals plans for major e-sports arena in Saudi Arabia
Wake The Tiger launches new 1,000sq m expansion
Othership CEO envisions its urban bathhouses in every city in North America
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
SHA Wellness unveils highly-anticipated Mexico outpost
One&Only One Za’abeel opens in Dubai featuring striking design by Nikken Sekkei
Luxury spa hotel, Calcot Manor, creates new Grain Store health club
'World's largest' indoor ski centre by 10 Design slated to open in 2025
Murrayshall Country Estate awarded planning permission for multi-million-pound spa and leisure centre
Aman's Janu hotel by Pelli Clarke & Partners will have 4,000sq m of wellness space
Therme Group confirms Incheon Golden Harbor location for South Korean wellbeing resort
Universal Studios eyes the UK for first European resort
King of Bhutan unveils masterplan for Mindfulness City, designed by BIG, Arup and Cistri
Rural locations are the next frontier for expansion for the health club sector
Tonik Associates designs new suburban model for high-end Third Space health and wellness club
From parks designed to mitigate the effects of flooding to warming huts for one of the world’s coldest cities, these projects have been designed for increasingly extreme climates