Boyd Gaming announced that it has delayed construction on its massive Echelon Place project on the Las Vegas Strip, citing difficulty with “today’s capital markets” and “challenging economic conditions that currently exist.”
According to a statement issued by the company, it intends to “resume construction when credit market conditions and the overall outlook for the economy improves.”
Set to open on the Strip in late 2010, Boyd Gaming’s Echelon Place is to occupy the 86-acre site of the former Stardust. The complex will introduce three new hotel brands to the city, including a 600-room Delano, 1,000-room Mondrian and 330-room Shangri-La. There will also be a 2,600-room Echelon Resort and over 750,000 square feet of meeting space
