Construction work on Dream Las Vegas has “fully stopped,” as the developers’ stalled financing plans left them owing tens of millions of dollars for the hotel-casino project.
Dream developer Bill Shopoff told the Las Vegas Review-Journal that he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
“Work has fully stopped at the site, other than anything required for safety,” Shopoff, president and CEO of Shopoff Realty Investments, said in a statement Monday.
Dream, on Las Vegas Boulevard just south of Russell Road, broke ground last year.
