Las Vegas Plaza

Template:Future building The Las Vegas Plaza is the working name for a future $5 to $8 billion multi-use ultra-luxury hotel, private residences, retail and gaming complex to be developed on the Las Vegas Strip by ElAd Properties [1]. Construction will begin in early 2008 and is expected to be completed in 2011.

It will be built on the 34.5-acre site of the former New Frontier Hotel and Casino which closed July 15, 2007. ElAd purchased the New Frontier for $1.2 billion from Phil Ruffin in a deal announced May 15, 2007. This property purchase set a new record for Strip land at over $33 million an acre.^[1]

The Plaza name comes from ElAd's flagship property, the Plaza Hotel in New York City. The company's current design plans for the Las Vegas complex are based on the New York Plaza [2].

Lawsuit

In August 2007, a lawsuit was filed against ElAd Properties by the Tamares Group, owners of the Plaza Hotel & Casino in downtown Las Vegas, which alleges that the new property's name infringes on the current Plaza's trademark. ^[2]

References

^ Stutz, Howard (May 16, 2007). "MORE THAN $1.2 BILLION: New Frontier sale sets record". Las Vegas Review-Journal. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
^ Spillman, Benjamin (August 10, 2007). "What's in a name? Owners of Plaza say plenty". Las Vegas Review-Journal. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)

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[1] Stutz, Howard (May 16, 2007). "MORE THAN $1.2 BILLION: New Frontier sale sets record". Las Vegas Review-Journal. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)

[2] Spillman, Benjamin (August 10, 2007). "What's in a name? Owners of Plaza say plenty". Las Vegas Review-Journal. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)

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