Two Way Hard Three | Las Vegas Casino & Design Blog

January 29, 2009

RJ: Elad Granted Loan Extension

Posted by Hunter

Elad, the company that purchased the New Frontier land to build a Las Vegas version of The Plaza Hotel, has been granted a 42 month (!) extension to their $625 million loan.

Hopefully for us all, the economy improves inside of 42 months.


Read archived comments (4 so far)
January 29, 2009 2:11 PM Posted by Evan

So, I'd think this puts to rest any speculation of the land being sold either to Wynn (who says he's not buying things right now) or to Sands (they have money?). I do hope this resort gets off the ground eventually - I still doubt they will start anytime soon.

January 29, 2009 4:14 PM Posted by detroit1051

After paying more than $30 Million an acre, I doubt they will ever build.

January 30, 2009 3:54 PM Posted by Joe

just an update. Bellagios site just updated a new picture for the new executive suite lounge. its a bit too contemporary for the Bellagio, but hey- its owned by MGM Mirage, thats their style.

January 30, 2009 6:45 PM Posted by detroit1051

Joe, I think it looks great, much better than I expected. It's interesting Bellagio is promoting the Executive Suite Lounge as a hotel feature rather than keeping it practically hidden as a perq for VIP casino guests. I used to check in there but was "uninvited" when I didn't play enough. I was escorted out and walked to the "Invited Guests" window at the main registration area.