More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
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One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.
Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.