Wynn Resorts has announced it reached an agreement to buy the empty lot on Las Vegas Boulevard where the New Frontier once stood. Wynn will pay $336 million for the 34 acres of the former New Frontier as well as 4 additional acres connected to the site. The company hopes the development will bring more tourists to the north end of the Strip. Once the deal is complete, Wynn will own 280 acres of contiguous property running from the Las Vegas Convention Center on Paradise Road west to Industrial Road Wynn plans to start construction of Paradise Park, which includes a 47-story, 1,500-room hotel, on the site of the Wynn Golf Course in January.