TITLE

Delays mean messy cleanup

AUTHOR(S)
ILLIA, TONY
PUB. DATE
October 2008
SOURCE
Las Vegas Business Press (10712186);10/6/2008, Vol. 25 Issue 40, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the delays and cancellation of construction of megaresorts in Las Vegas, Nevada, due to decreased number of visitors, declining gaming revenues and tightened credit markets. Boyd Gaming Corp. halted work in August 2008 for its $4.8 billion Echelon megaresort, which will consist of eight buildings along Las Vegas Boulevard South. The company has spent more than $500 million on construction so far and have placed 800 workmen out of work due to the stoppage of construction and plans to delay work for at least a year.
ACCESSION #
34794016

 

Related Articles

  • CREDIT CRUNCH.  // Las Vegas Business Press (10712186);9/1/2008, Vol. 25 Issue 35, Special section p16 

    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...

  • Death of a legend. Illia, Tony // Las Vegas Business Press (10712186);3/19/2007, Vol. 24 Issue 12, p14 

    This article talks about the demolition of the Stardust Resort & Casino in Las Vegas, Nevada. The Stardust went down on the Las Vegas Strip at 2:30 a.m. on March 13, 2007, with the help of 428 pounds of explosives. Stardust's dual post-tensioned concrete buildings underwent 45 days of stripping...

  • Mothballing Large Projects Is Really No Small Feat. Illia, Tony // ENR: Engineering News-Record;10/27/2008, Vol. 261 Issue 13, p14 

    The article reports on the challenges faced by Boyd Gaming Corp. in mothballing its $4.8-billion Echelon Las Vegas megaresort development in Las Vegas, Nevada. The move, whatever its immediate financial benefits, creates myriad issues that must be resolved before first putting the project into...

  • Mothballing Large Projects Is Really No Small Feat. Illia, Tony // ENR: Engineering News-Record;10/27/2008, Vol. 261 Issue 13, p14 

    The article reports on the challenges faced by Boyd Gaming Corp. in mothballing its $4.8-billion Echelon Las Vegas megaresort development in Las Vegas, Nevada. The move, whatever its immediate financial benefits, creates myriad issues that must be resolved before first putting the project into...

  • Plant finance key to cashflow.  // PMJ: Plant Managers Journal;Jan2009, Vol. 36 Issue 1, p5 

    The article suggests that a manufacturer-related financing for plant is the key to cashflow for contractors and plant hirers during difficult economic times. According to executive Rob Oliver, the credit crisis has impacted demand for construction equipment and the government needs to sort out...

  • Italian industry calls for action.  // Construction Europe;Dec2011/Jan2012, Vol. 22 Issue 10, p22 

    The article reports on the concerns of the construction industry to the government in Italy. Because of the impact of the financial crisis on the sector, representatives of trade organizations urged the government to create a national registry that targets modernization measures for fleet...

  • August slump. Sleight, Chris // Construction Europe;Aug2010, Vol. 21 Issue 7, p12 

    The article focuses on the poor performance of the stock market and its effect on the construction industry in Europe as of August 2010. It depicts the worst condition of the stock market in the region compared to its stance during the previous years. In addition, the decline has caused the...

  • THE LOST SKYLINE. Smith, Daniel B. // New York;4/27/2009, Vol. 42 Issue 14, p38 

    The article discusses how the 2009 skyline of New York City has been affected by the U.S. financial crisis that has slowed the construction industry. The article offers a list of planned city buildings that includes when the building was announced, details about the building plan, and the status...

  • Products & services.  // Buildings;Jul98, Vol. 92 Issue 7, p80 

    Presents several products and services for the building and construction industry. I-C Gold exterior insulation and finish system from Parex Inc.; Trilogy D3000 single door access control lock by Ace Lock & Security Supply; Water Alert detectors and associated monitors by Dorlen Products Inc.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics