Las Vegas | Durango Station on hold
I guess this should not come as a surprise considering the mess Las Vegas has gotten itself into, but geez, it still gets depressing writing about the doom and gloom rather than the BOOM.
“At the time, the plans were pending current economic conditions, and obviously, there was a real change and everyone, including for Station Casinos, felt it,” Station Casinos spokeswoman Lori Nelson said. “Now is not the time for new development.”
A combination of the economic downturn and a lack of financing triggered the company to pull away a definite date for Durango Station, she added. The company reported a loss of $23.4 million for the third quarter ending Sept. 30.
Source: Las Vegas Review Journal - Start of construction on Durango Station depends on economy