TITLE

CREDIT CRUNCH

PUB. DATE
September 2008
SOURCE
Las Vegas Business Press (10712186);9/1/2008, Vol. 25 Issue 35, Special section p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of the economic downturn and credit turmoil on construction projects in Las Vegas, Nevada as of September 2008. A series of construction delays, cancellations and defaults has been caused by banks asking for more hard cash commitments amid the crisis. General Growth Properties decided to delay the opening of its Summerlin Centre mixed-use development by a year. Boyd Gaming is also delaying the Echelon project by three-quarters or more due to weak economic conditions and the difficult environment in the capital markets.
ACCESSION #
34793998

 

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