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Snapshot :: Echelon's Construction Ghost Town

August 19, 2008 at 12:18 PM | 0 Comments

As we told you earlier this month, The Echelon Project which was to include a Hotel Shangri-La as well as a Mondrian and a Delano has been put on hold until the credit markets get better. That means construction that has already started on the site has been stopped indefinitely. Here's what it looks like now.

While new projects have been delayed or crapped out completely in Las Vegas, we aren't noticing much of a downtown in Sin City just yet. According to the Las Vegas Convention and Visitors Authority, visitor numbers and occupancy rates are down just a touch. But it's not hugely noticeable. The crowd at the Cher concert was nearly sold-out on Sunday, the gaming floor at the Palazzo was bustling last night (a Monday night) and traffic on the strip is still at a standstill.

So Vegas might be doing just fine with what it's already got.