Celebrity pulls the plug on Sin City project
Published: June 30, 2006
Actor George Clooney and developer Jorge Perez scrapped plans for building the well-publicized, 11-tower hotel, condominium and casino complex Las Ramblas in Las Vegas. Reasons cited included a softening condo market, high construction costs and lack of hands-on casino management experience. The land for the proposed project was sold to the W Las Vegas hotel for $202 million, more than twice what Clooney and Perez bought it for last year.
Soapbox
Have an opinion, experience, knowledge or question about this story? Sound off below.
Note: This space is for comments about the story above. General questions to PYM should be sent via our contact page.
