Can this real estate gimmick save the world?
Selling clear-water lakes to property developers is just a ripple on the surface of Crystal Lagoons' huge ambitions
New York
IN April, Steve Wynn announced plans to tear up the golf course that lies behind two of his Las Vegas hotels and replace it with a 38-acre (15.4-hectare) man-made lake - about the size of 30 American football fields.
Rising from the middle of the lagoon, Mr Wynn said during a conference call last week, will be a 10-storey mountain, accessible by zip line and electric ferry, that will serve as a launching point for nightly fireworks.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom
US home prices jump by most in nearly two years in February