Wynn's giant lake

Apparently Wynn has plans to tear up part of the golf course behind his Strip property to make way for a new $1.6 billion resort with 1,000 rooms and a giant 38 acre lake surrounded by beaches and a mile long boardwalk. Paradise Park would offer 250,000 sq ft of convention/meeting space and the resort would feature water skiing with nightly fireworks. Construction could be begin this fall.

Good idea? Bad idea?

I'll go with a hesitant good. I challenge any forum member in a swimming race to the island in the middle.

Quote: Wizard

I'll go with a hesitant good. I challenge any forum member in a swimming race to the island in the middle.

I love the idea. Anytime we get something new and novel I am happy.

I would bet that you could ride your unicycle to the island faster than I could swim to it.

They will need an awful lot of water every day to make up for losses due to evaporation.

Really thirsty ducks:

Quote: http://m.lasvegassun.com/news/2010/apr/14/how-much-water-evaporates-bellagio-fountains/

The Bellagio’s 8.5-acre lake holds 22 million gallons and is replenished annually with another 12 million, representing the amount lost to evaporation, leaky pipes or really thirsty ducks.

“This is the most fun project in my 45 years,” Wynn told investors. “Somebody take the other side, tell me what’s wrong with this idea? We’ve all drunk the Kool-Aid.”

Well, potentially:

- There is an economic slowdown or recession just when it opens.

- Airfare prices go higher and travel to Vegas slows down.

- Other upscale projects actually come to fruition and create too much competition for that segment.

Or not.

Disney built a "lake" surrounded by a boardwalk in what used to be the parking lot of their Anaheim property. They named it Paradise Pier. Wynn is naming his Paradise Park. Coincidence?

Quote: Wizard

I'll go with a hesitant good. I challenge any forum member in a swimming race to the island in the middle.

Does the challenge include paying the admission fee to the park?

At least one report says that you have to pay the fee just to enter the casino as well.

Paying to go to the beach for sure. Should included in the resort fee.

Almost 3 months ago to the day, Wynn disclosed that he had bought over $60 million worth of stock in WYNN at about $63 per share. He was telling you to buy with both hands. Price now is $99.

Over the long term, it has made sense to invest with Wynn. I wish I had been smart enough to recognize that fact during the Great Recession, when a share sold for about $25. We can bitch about how he runs his casinos, but like Hyman Roth, Steve Wynn always makes money for his partners, or in this case shareholders.

Quote: Wizard

I'll go with a hesitant good. I challenge any forum member in a swimming race to the island in the middle.

I accept your challenge. I respectfully expect to kick butt, but since we've never been swimming together, I could be wrong.

I have to wonder about the wisdom of a large, shallow lake like that, though. It's going to use a HUGE amount of water given the amount of surface evaporation to be expected in that climate. They're going to have to keep fresh water circulation coming in as well, as it can't be allowed to stagnate. And don't you already have a critical water shortage both short- and long-term there? The hotels are already rationing laundry water and asking people to take shorter showers; and he's going to introduce a huge lake? I can see the superficial attraction but not any responsible community planning. JMHO.