Spanish View Towers Las Vegas High Rise Condos May Not Be Cancelled Afterall

Construction on the Spanish View Towers high rise condo project in Las Vegas halted abruptly on July 7th after international investors failed to perform, causing contractors and suppliers to file liens faster than Mel Gibson drives. However, Rod Yanke, the developer of the project located at I-215 and Buffalo Drive, said alternative financing has been obtained and once the liens are released, the project will resume. He cited a "major bank" has been lined up, but wouldn't announce the name.

I'm still skeptical, but with 70 percent of the project's first 18-story tower sold, odds are good that he may be right. Even with the delay, the first tower is scheduled to be finished next summer with 2 other 18-story towers in the works. We shall see.