TITLE

Hold that Crane

AUTHOR(S)
ILLIA, TONY
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/11/2008, Vol. 25 Issue 32, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on resort-related construction delays, cancellations and defaults in Las Vegas, Nevada. According to Jeremy Aguero, principal of Applied Analysis, investors, banks and lenders are particularly concerned about investments here because of so much construction occurring in one place. On August 1, 2008, Boyd Gaming Corp. stopped construction on its Echelon megaresort, citing weak economic conditions and the difficult capital market environment. MGM Mirage also halted its planned 166-acre mixed-use project in Jean.
ACCESSION #
34154814

 

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