New Frontier is located across from Wynn Las Vegas and itssequel, the Encore. Tshuva's goal is to scrape the site next yearand have the new resort up and running by 2011. If completed,Tshuva's project would come to market at the tail end of a buildingboom on the Strip that over the next four years will add nearly50,000 hotel rooms to the existing stock of about 133,000. Eladpresident Miki Naftali was not immediately available Wednesdaymorning for comment beyond his prepared statements.
Rather than another theme park resort, Tshuva plans to follow inWynn's footsteps and develop a high-brow resort like the Plaza,which he acquired for $675 million. The Plaza in Las Vegas plans tofeature a six-diamond hotel, private residences, the Plaza RetailCollection and, of course, a casino, destination restaurants andconvention space.
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