Smith, Hubble; Knightly, Arnold M.
July 2008
Las Vegas Business Press (10712186);7/14/2008, Vol. 25 Issue 28, pP6
The article reports on the delay of commercial projects in Las Vegas, Nevada due to developers' struggle with financing and other obstacles. Plaza Las Vegas casino resort is on hold due to financial problem and legal issues. The Crown Las Vegas resort was listed for sale after the U.S. Federal Aviation Administration denied a 1,900-foot height proposal for the tower. According to Xavier Wasiak, broker of Grubb & Ellis, the rising construction costs has made developers weary about starting new projects.


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