A Temporary Shutter and Million Dollar Makeover for The Palm

An extremely popular fixture at the Forum Shops at Caesars Palace since 1993, The Palm Restaurant is temporarily closed for the summer, undergoing a major remodel with plans to return in September.

For construction alone, the famed New York steakhouse has allocated $1,556,165 in estimated expenses to cover the 7,344-square-foot project.

Created in New York in 1926, a common design feature across the chain's now 26 locations are caricatures of local and national celebrities and dignitaries drawn and pasted to the walls. No word yet if the remodel will affect any of the artwork, but the 2013 renovation of their Houston branch was announced as the template for future remodels, with a focus on a clubby lounge, leather seated booths and "more realistic portraits" decorating the room.

Much loved by conventioneers and power-lunch regulars, the restaurant is as well known for its over-sized Nova Scotia lobsters as for its steaks. Life-long Palm employee Kiko Ojeda has been executive chef in Las Vegas since 2005.