LAS VEGAS -- Casino tycoon Steve Wynn officially unveiled plans in
a Securities and Exchange Commission filing to construct the $1.83
billion Le Reve resort and casino, which will include an
eight-story, manmade mountain.
Le Reve -- French for "the dream" -- will be built on the site
where the Desert Inn Resort & Casino once stood. Wynn bought
that property on the northern part of the Strip two years ago.
The resort will have 2,701 rooms and feature Wynn's private art
collection. Plans also include the establishment of a Ferrari and
Construction is due to start this September; opening is
scheduled for March 2005.
In order to help finance the project, Wynn's company, Wynn
Resorts Ltd., intends to sell as much as $408 million worth of
stock in an initial public offering.