The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
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The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Travel spending, including on transportation, hotels and attractions, is projected to fall by $355 billion this year, the group said.
The former Fontainebleau — the blue-tinted tower that has blighted the Strip for a decade — is slated to open as the Drew in the second quarter of 2022.
More than any other casino developer, Steve Wynn shaped the look and feel of today’s Strip. He brought size and luxury to the corridor, boosted tourism, sparked a megaresort building boom and accumulated billions in wealth.