Operator News
US – Work grinds to a halt on Dream Las Vegas due to funding problems
By Phil - 21 March 2023
Shopoff Realty Investments and Contour, the developers behind Dream Las Vegas have confirmed that the build of the 531-room lifestyle hotel and casino the south end of the Las Vegas Strip has ground to a halt due to problems in the project’s funding.
Bill Shopoff, President and CEO of Shopoff Realty Investments, said: “Work has fully stopped at the site, other than anything required for safety. it will restart once the terms of the financing are finalised. We’re delayed on getting some financing,” he added to the Las Vegas Review.
The venue, which would house 12,000 square feet of meeting and event space and a 20,000-square-foot casino, had planned to open in late 2024.
It held a groundbreaking ceremony on July 8 and is now expected to cost $575m, up from the $555m previously envisaged.
