In the middle of the construction period, the Le Reve changed it's name to the Wynn, named after Steve Wynn. Fireworks were launched during the event as well. Groundbreaking of Le Reve took place on November 1, 2002, with a groundbreaking ceremony hosted by Steve Wynn and his wife at the time, Elaine Wynn, along with 200 company associates digging away into the foundation.
#WYNN VEGAS HOTEL REGISTRATION#
The registration also described other costs for the amenities and structures at the resort. The document, which was filed by Wynn Resorts, stated that the registration uses a cost of $2.4 billion, which was more than any other hotel and/or casino in Las Vegas's entire history. On June 18, 2002, Steve Wynn filed a registration statement for a public offering that would finance the new resort. However, other residents of the Estate, along with people who worked at the Desert Inn in general, claimed that the property was becoming a "shell of its former self", with reports of the pool being filled with bugs carrying diseases and such. Some problems arose during the acquisition of the Desert Inn's properties, including many of the long-time residents of the nearby Desert Inn Estates refusing to move out of their homes so it could be demolished, with some homeowners claiming that the upcoming resort was removing their access to their own neighborhood with the widening of Sands Avenue, the main road that the Wynn would take place on.
The Desert Inn's golf course was kept, although its name was changed to the Wynn Golf Club. The Desert Inn's Augusta Tower was imploded October 23, 2001, while the casino floor of the property was used as a temporary art gallery called "The Wynn Collection", containing 14 masterpieces that were originally taken from the Bellagio after it was bought out by MGM Mirage. To help with the construction, the Desert Inn would slowly become demolished and imploded to make way for the new resort. The implosion of Desert Inn's St Andrews and Palms towers It was expected to have 8,000 employees when it opened. It was also said that it would contain an 111,000 square foot casino, 18 restaurants in total, a Ferrari and Maserati dealership, and a giant 18-hole golf course. "Le Reve" would also contain an art museum using art pieces made by Van Gogh, Picasso, and other artists, a 48-story, 2,701-room all-suite hotel, a convention center, and a three-acre swimming pool. It was revealed on October 23, 2001, that the new resort would be named the "Le Reve", and was going to be a mix between a French and Asian-themed resort that would include four resorts in one built around a public plaza that included cafes, shopping, and bistros. In 2002, Steve Wynn announced that a new resort and casino would be replacing the previously occupying Desert Inn Hotel and Casino, which closed on Augafter Steve Wynn bought it on the same year.
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