Echelon Las Vegas $4.8 Billion Hotel On The Strip Stops Construction

Echelon Las VegasEchelon 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.

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Echelon Las Vegas Mega Resort By Boyd Gaming Unveils Resort Details

Find the Perfect Hotel!Echelon Las Vegas Resort by Boyd Gaming this week unveiled its $4.8 billion 87 acres multiuse mega resort destination. Echelon will have five Las Vegas NV hotels that will be built on the imploded Stardust Las Vegas land.

The media hoopla ground breaking had several hundred guests, Boyd executives and joint venture partners, inside a tent on site, watched as a shattered sheet of dark glass concealed a 1,000 pound cornerstone on Echelon real estate.

The resort buildout is expected to take three years with a 2010 opening.

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Echelon Place $4 Billion Resort Inside Echelon Resort Las Vegas

Echelon Las VegasEchelon Place Las Vegas a $4 billion mixed-use resort on the 63-acre Las Vegas land currently occupied by Stardust Hotel real estate. The mega resort will include 1 million square feet of Las Vegas convention and meeting space, 5,300 hotel rooms, 140,000-square-foot casino and 350,000 square feet of retail stores. It is expected to take four years to develop this massive Las Vegas commercial real estate endeavor.

Echelon Place Las Vegas by Boyd will only be second in single hospitality industry project to the $7 billion Project City Center by MGM Mirage.

In 2005 Boyd Gaming started planning the Las Vegas commercial project for the Stardust real estate after a strategy started in 1998 of diversifying by market segments and geographically.

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