Clark County commissioners gave the developers of a stranded casino project another lifeline.
The commission on Wednesday approved a third extension for the partially built Dream Las Vegas resort near the southern edge of the Strip. Construction crews stopped building the project more than two years ago with the developers owed tens of millions of dollars, and the site is now owned by the general contractor, following a legal settlement over unpaid bills.
Commissioner Jim Gibson said at a meeting last fall, when the developers sought their second extension, that the situation “can’t go on forever,” that officials want projects they “really believe will happen” and the likelihood of more extensions down the road was “remote.”
On Wednesday, Gibson said he would still prefer to see appropriate development, including resorts, along this stretch of Las Vegas Boulevard, rather than just the private planes parked nearby on airport property.
He also said the Dream site is “too valuable” and was always intended for development.
“We can get a project there, I hope we get one,” said Gibson, whose district includes the property.
The developers had sought a one-year extension of their approvals to resume construction, records show. Gibson made a motion Wednesday for a two-year extension.
Dream developer Bill Shopoff, who attended the meeting, declined to comment after the vote.
This is a development story. Check back for updates.
Contact Eli Segall at esegall@ theplayerlounge.com or 702-383-0342.
