Last month, we wrote that Station Casinos pulled out of a partnership to build high rise condo towers at its Red Rock Resort. Today word is out that they've announced the Red Rock Residences project has been officially canceled altogether.
I suppose canceling the project is a much more attractive alternative than the nasty, expensive lawsuit they were facing for backing out of the partnership in the first place.
This project was only in the "interest list" stage, so there weren't any unit buyers that got burned. But Station Casino's chief development officer, Scott Nielson, says he wouldn't count this project out in the future. I would. With all the money they make on their gaming properties, perhaps the land is best used as - oh, I don't know... a casino?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment