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New Frontier
Originally a nightclub called the Pair-o-Dice,[link widoczny dla zalogowanych], opened in 1930, then became the Ambassador Night Club in 1936. In 1939, it had been called the 91 Club. Your accommodation Last Frontier opened in 10/30/1942, after which later had become the New Frontier in 1955. In 1967, the name was changed to The Frontier,[link widoczny dla zalogowanych], and changed to the brand new Frontier in 1999.
As other casino operators announce intends to redevelop their older properties, New Frontier owner Phil Ruffin hasn't were built with a lot to say of his long-awaited plans for his aging Strip hotel. Ruffin says he isn't looking at his hands. The his planned megaresort will be Montreux, following the Swiss resort town having a famous annual jazz festival.
To capitalize on the resort town's brand, Ruffin said he's also focusing on intends to bring the internationally known Montreaux Jazz Festival to the new property,[link widoczny dla zalogowanych], that is scheduled to break ground sometime in 2007 and open by 2010. The New Frontier would be closed and demolished before ground is broken on the Montreux.
The new hotel might have a couple of,750 rooms, including about 750 suites, and focus on customers who patronize high-end properties like the Mirage or Paris Las Vegas, Ruffin said.
Perhaps the most-talked about feature could be an "observation wheel" (similar to a Ferris Wheel) that might be positioned in front of the property and facing the Strip. Ruffin said the wheel,[link widoczny dla zalogowanych], tentatively called the "Las Vegas Eye," is modeled following the famed London Eye. It might enable tourists to consider pictures from the Strip from slow-moving,[link widoczny dla zalogowanych], temperature-controlled cabins that rise to a lot more than 450 feet up. The wheel was approved by the Clark County Commission together with plans for the new resort.
Ruffin would not be the only real Las Vegas resort owner to flirt using the idea of a giant Ferris wheel. Owners from the now-closed Wet 'n Wild theme park, the redevelopers from the Westward Ho site, the Rio and developers having a site near the Aladdin have pitched plans that included observation wheels. To date,[link widoczny dla zalogowanych], none has been started.
Rising construction costs have pushed in the cost for that turn to around $2 billion. The look is also more upscale than originally planned,[link widoczny dla zalogowanych], Ruffin said.
Ruffin is just one of America's richest businessmen but is actually a conservative investor,[link widoczny dla zalogowanych]. Forbes has estimated Ruffin's net worth about $1.3 billion. Ruffin said business partner Donald Trump will not be involved in the resort,[link widoczny dla zalogowanych].
Jack Wishna, a minority partner in the nearby Trump International hotel-condominium tower under construction,[link widoczny dla zalogowanych], said Ruffin and Trump had discussed branding the redeveloped New Frontier as a Trump property, but that Ruffin has decided to put his own stamp about the resort instead.
Since the land underlying the New Frontier may be worth a lot more of computer would be a couple of years ago, Ruffin can finance the project with a combination of equity from the worth of the land as well as cash.
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