Wynn Resorts is preparing to convert a 130-acre golf course in Las Vegas into Paradise Park, a $1.5 billion development with a 20-acre lagoon at its core. According to CNBC, the park was originally disclosed last year, but it wasn’t until just recently the company’s board approved the project.
The lagoon will include a white sand waterfront and host water sports during the day and fireworks shows at night. A boardwalk is planned for the lagoon, as well. The lagoon and beach area, which includes the boardwalk, retail, and restaurants, will be part of the first phase of the project. This phase should be completed no later than 2020 and is expected to drive other, following amenities.
Subsequent phases, of which there has been no word as to how many there will be, may include convention space, a new residential/hotel tower, and entertainment attractions. The tower may hold as many as “a couple thousand rooms,” Wynn Resorts Chairman and CEO Steve Wynn said during the company’s first-quarter earnings call.
Wynn’s vision is for Paradise Park to be a family destination with the lagoon providing a daily Disneyland-type show, but on a larger scale.
Paradise Park will sit adjacent to the Wynn Las Vegas resort complex just off the Las Vegas Strip. A media event is expected within the next few months to provide more details about the project.