Echelon Place
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Echelon is Boyd Gaming Corporation's replacement for the Stardust Resort & Casino. Echelon has an estimated cost of $4 billion with construction beginning in 2007 and the opening was initially planned for in 2010.[1] On August 1, 2008, Boyd Gaming announced that construction of Echelon would be delayed for 3 to 4 quarters due to changes in U.S. economic conditions.[2] Amid falling profits in 2009, Boyd announced that the project will be suspended for at least three to five years.[3]
Echelon will be a multi-use project on 87 acres (35 ha) with a 140,000 sq ft (13,000 m2) casino, 4 hotels providing 5,300 rooms, 25 restaurants and bars, the 650,000 sq ft (60,000 m2) Las Vegas ExpoCenter, and a 1,000,000 sq ft (93,000 m2) convention center. The Echelon Resort will be a 3,300 room hotel owned and operated by Boyd. The other hotels are expected to be a Shangri-La Hotel, a Delano Hotel, a Mondrian Hotel, and the Echelon Tower.[4]
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[edit] History
Boyd Gaming acquired several properties to build the resort. It acquired the Budget Suites adjacent to the Stardust site and the land between the Stardust and the Westward Ho. On October 2, 2006 Boyd Gaming acquired 24 acres (9.7 ha) of land adjacent to the site from Harrah's Entertainment in exchange for the Barbary Coast Casino.
Boyd Gaming announced the Echelon project on January 4, 2006. On November 1, the Stardust was closed, and was imploded on March 13, 2007.
On August 1, 2008, Boyd Gaming announced a 3-4 quarter construction delay of Echelon.[5] A further downturn in Boyd's profits in 2009 forced the company to delay construction for another three to five years.[3]
[edit] Proposed Facilities
[edit] Mondrian at Echelon
A 50% joint venture with Morgans Hotel Group 850 room hotel.[6][7]
[edit] Delano hotel
A 50% joint venture with Morgans Hotel Group 550 room hotel.[6][7]
[edit] Echelon Resort Tower
This is the main tower of Echelon Place. Also known as Hotel Echelon.
[edit] Echelon Suite Tower
All suite tower also known as the Enclave.
[edit] The Shangri-La Hotel Las Vegas
The fourth North American venture for Shangri-La Hotels and Resorts
[edit] Las Vegas Expo Center
Planned 750,000 sq ft (70,000 m2) convention center and associated meeting space.[7]
[edit] Shopping promenade
A 400,000 sq ft (37,000 m2) shopping center being developed with General Growth Properties at a cost of $500 million.[6][7]
[edit] Casino
Planned 140,000 sq ft (13,000 m2) casino.
[edit] References
- ^ Friess, Steve (2007-03-14). "Aging Resort Demolished to Make Way for a Young One". The New York Times. http://www.nytimes.com/2007/03/14/us/14stardust.html. Retrieved 2007-03-14.
- ^ Boyd Gaming suspends construction work on Echelon project
- ^ a b Spain, William (Oct. 27, 2009). "Boyd profit falls with Vegas; Echelon project still on hold". MarketWatch. http://www.marketwatch.com/story/boyd-profit-falls-echelon-project-still-on-hold-2009-10-27. Retrieved 2009-11-19.
- ^ 60 Las Vegas hotels have rooms under $50
- ^ SOUTHERN NEVADA ECONOMY: Analysts' projections sour
- ^ a b c "Echelon casino in Las Vegas to cost Boyd $4.8 billion". KVBC. 2007-06-19. http://www.kvbc.com/Global/story.asp?S=6679948. Retrieved 2008-01-29.
- ^ a b c d Velotta, Richard (2007-06-19). "Echelon off to smashing start". In Business Las Vegas. http://www.inbusinesslasvegas.com/2007/06/22/feature4.html. Retrieved 2008-01-29.
[edit] External links
- Echelon Place website
- Developer's website
- Delano Las Vegas
- Mondrian Las Vegas
- VegasTodayAndTomorrow's Echelon Place page
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