Elysium Properties Seeks $3.8 Billion In Bonds For A Las Vegas Hotel

MoneyElysium Properties applied for a $3.8 billion casino and Las Vegas hotel. Elysium applied two months ago to the Nevada Dept. of Business and Industry for the issuance of revenue bonds to cover the development costs for their real estate project.

The taxpayers nor the state of Nevada would be financially responsible for any debt of the project by Elysium. The department is the intermediary and helps place the debt into investment portfolios through the advice of an investment banking firm.

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