Echelon Las Vegas $4.8 Billion Hotel On The Strip Stops Construction
Friday, August 1st, 2008
Echelon Las Vegas $4.8 Billion hotel on the Strip stops construction progress. Today Boyd Gaming Corp. said the challenging credit markets and difficult economic conditions will delay construction until mid 2009.
Market and credit analysts were hoping the megaresorts expected to open in Las Vegas, Nevada during 2009 and hiring of employees could help raise home prices and sales of residential real estate in a year. This resort will not help the local economy in the upcoming year. There are only hopes the Echelon Place will continue.