Casino operator Park Place Entertainment Corp. went before municipal planners

To seek approval to build a new 30-story, 864-room tower at its Caesars Palace Resort in Las Vegas.

The addition of 400-foot-tall tower would bring the total number of rooms at Caesars to more than 3,300.

According to Park Place’s application, the new tower would also include 320,000 square feet of space for restaurants, shops, meeting rooms, showrooms and subterranean parking.

Park Place Chief Financial Officer Scott LaPorta said the company would like to start construction on the tower in the second half of this year, with completion in the first half of 2003.

According to information filed with the planning commission, the tower and an associated low-rise building would be on the southeastern portion of the Caesars property, with frontage on Flamingo Road. It would connect to existing pedestrian bridges, linking it with Bellagio and the Flamingo-Barbary Coast.

In January, the Planning Commission previously approved Park Place’s request to add 10 luxury villas within a 90-foot-high, five-story building with an associated spa on the Caesars property.

Park Place acquired Caesars as part of its 1999 acquisition of Caesars World Inc. for $3 billion. Before that, the property’s previous owner added a 1,134-room tower in 1997. Since the sale, Park Place has modernized the outside of the property’s 34-year-old tower.


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