$6B Vegas casino modeled after Plaza in N.Y. gets OK
Associated Press
LAS VEGAS — Clark County commissioners have given final approval to plans for a $6 billion Las Vegas Strip casino resort modeled after The Plaza Hotel in New York.
There was no mention during a brief public presentation by representatives of Elad IDB of reports earlier this week that the project was stalling due to a shaky credit market.
On Monday, Elad chief Miki Naftali said the project was "forging ahead as planned."
Elad also owns The Plaza in New York.
A Las Vegas-based spokesman for the company says groundbreaking could take place later this year on the 3,500-room Las Vegas Strip project.
It's slated to open in 2011.