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Real Estate

Vegas Strip’s $3.1 Billion Resort Postponed More Than a Year

  • Drew Las Vegas to use design from firm behind NYC’s High Line
  • Real estate mogul Steven Witkoff is naming resort after son
The Drew in Las Vegas.
The Drew in Las Vegas.Photographer: Bridget Bennett/Bloomberg

Real estate mogul Steven Witkoff is pushing back the opening of a $3.1 billion resort on the Las Vegas Strip by more than a year, slowing efforts to complete a partly built casino that was abandoned during the financial crisis a decade ago.

The Drew Las Vegas, as the project is called, will open in the second quarter of 2022, Witkoff said in an interview. The project was originally scheduled to debut late next year. By delaying, Witkoff will have more certainty about his construction budget, he said.