LAS VEGAS— Construction of Steve Wynns water-themed Le Reve megaresort here is expected to be under way this March, after a planned December start was delayed due to excavations on the basement levels of the Desert Inn’s 14-story Augusta Tower, which was imploded Oct. 23 to make way for the new resort complex. Steve Wynn recently forecast a 28- to-30-month construction timetable for his planned 2,455-room, 42-story hotel tower and a man-made lake. Le Reve, which is French for “the dream,” and the name of a Picasso masterpiece owned by Wynn and his wife, is slated to open September 2004. Wynn paid Starwood Hotels & Resorts $270 million last year to acquire the Desert Inn site. Wynn said Le Reve would cost about $1.6 billion, about the same amount he spent to build the Bellagio. SOURCE: Las Vegas Review-Journal
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