The Texas-based developer whose plans to build a 1,064-foot tower on the Strip were dashed when the land deal fell through is making another bid for the same land. Christopher Milam has entered an agreement to purchase the 27-acre site where Las Vegas' water park, Wet 'n' Wild, was located. The $618 million price tag comes in just less than $23 million per acre, which is a hefty premium over the original deal of roughly $18 million per. Whether or not the tower is still in the plans hasn't been disclosed, but some version of a major megaresort is almost certainly earmarked for the parcel.

6,745-ROOM HOTEL: And if the tower doesn't materialize, maybe this will. An Israeli developer has applied for use permits to build a four-tower 6,745-room hotel, casino and retail complex on 60 acres along Harmon Avenue west of the Hard Rock Hotel. The permits would give the group two years to begin construction of what would be Las Vegas' largest hotel.

NEW PREZ WAX: President Obama's wax likeness has joined four other U.S. presidents in the "Spirit of America" room at Madame Tussauds Las Vegas wax museum, just a few feet from the statue of George W. Bush. The likeness cost $300,000 and took three months to create; work began on the eight statues that will grace Tussauds museums worldwide as soon as Obama was elected.

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