Echelon Place

Echelon Place
Location	Las Vegas Strip
Casino type	Land-based
Owner	Boyd Gaming Corporation

Echelon Place is a partially built hotel, casino, shopping, and convention complex on the Las Vegas Strip, owned by Boyd Gaming Corporation. Construction of the project has been suspended since August 1, 2008.^[1]

Echelon replaced the Stardust Resort & Casino. The cost was estimated at $4 billion, with construction beginning in 2007, and opening initially planned for 2010.^[2] On August 1, 2008, Boyd Gaming announced that construction would be delayed for 3 to 4 quarters due to economic conditions.^[3] Amid falling profits in 2009, Boyd announced that the project would be suspended for at least three to five years.^[4]

Echelon will be a multi-use project on 87 acres (35 ha) with a 140,000 sq ft (13,000 m²) casino, 4 hotels providing 5,300 rooms, 25 restaurants and bars, and the 650,000 sq ft (60,000 m²) Las Vegas ExpoCenter. The Echelon Resort will be a 3,300 room hotel owned and operated by Boyd. The other hotels are expected to be a Shangri-La Hotel, a Delano Hotel, a Mondrian Hotel, and the Echelon Tower.^[5]

History

Boyd Gaming acquired several properties to build the resort. It acquired the Budget Suites adjacent to the Stardust site and the land between the Stardust and the Westward Ho. On October 2, 2006 Boyd Gaming acquired 24 acres (9.7 ha) of land adjacent to the site from Harrah's Entertainment in exchange for the Barbary Coast Casino.

Boyd Gaming announced the Echelon project on January 4, 2006. On November 1, the Stardust was closed and was imploded on March 13, 2007.

On August 1, 2008, Boyd Gaming announced a 3 to 4 quarter construction delay of Echelon.^[6] After a further downturn in Boyd's profits in 2009, the company delayed construction for another three to five years.^[4]

Proposed facilities

• Mondrian at Echelon: A 50% joint venture with Morgans Hotel Group 860 room hotel.^[7][8]
• Delano Hotel: A 50% joint venture with Morgans Hotel Group 550 room hotel.^[7][8]
• Echelon Resort Tower will be main tower. It is also known as Hotel Echelon.
• Echelon Suite Tower: All suite tower also known as the Enclave.
• The Shangri-La Hotel Las Vegas: The fourth North American venture for Shangri-La Hotels and Resorts
• Las Vegas Expo Center: Planned 750,000 sq ft (70,000 m²) convention center and associated meeting space.^[8]
• Shopping promenade: A 400,000 sq ft (37,000 m²) shopping center being developed with General Growth Properties at a cost of $500 million.^[7][8]
• Casino: Planned 140,000 sq ft (13,000 m²) casino.

References

1. ^ "UPDATE 2-Boyd Gaming swings to Q1 profit; sees growth in H2". Reuters. 4 May 2010. http://www.reuters.com/article/idUSN0321683420100504. 
2. ^ Friess, Steve (2007-03-14). "Aging Resort Demolished to Make Way for a Young One". The New York Times. http://www.nytimes.com/2007/03/14/us/14stardust.html. Retrieved 2007-03-14. 
3. ^ "Boyd Gaming suspends construction work on Echelon project". Las Vegas Review-Journal. August 1, 2008. http://www.lvrj.com/news/26182389.html. 
4. ^ ^{a b} Spain, William (Oct. 27, 2009). "Boyd profit falls with Vegas; Echelon project still on hold". MarketWatch. http://www.marketwatch.com/story/boyd-profit-falls-echelon-project-still-on-hold-2009-10-27. Retrieved 2009-11-19. 
5. ^ Curtis, Anthony (July 1, 2009). "60 Las Vegas hotels have rooms under $50". Dallas Morning News. http://www.dallasnews.com/sharedcontent/dws/fea/travel/columnists/lasvegasadvisor/stories/DN-webvegas_0705tra.State.Edition1.1e72eff.html. 
6. ^ Robinson, Jennifer (August 2, 2008). "SOUTHERN NEVADA ECONOMY: Analysts' projections sour". Las Vegas Review-Journal. http://www.lvrj.com/news/26204219.html. 
7. ^ ^{a b c} "Echelon casino in Las Vegas to cost Boyd $4.8 billion". KVBC. 2007-06-19. http://www.kvbc.com/Global/story.asp?S=6679948. Retrieved 2008-01-29. 
8. ^ ^{a b c d} Velotta, Richard (2007-06-19). "Echelon off to smashing start". In Business Las Vegas. http://www.inbusinesslasvegas.com/2007/06/22/feature4.html. Retrieved 2008-01-29. 

External links

• Developer's website

Coordinates: 36°8′2″N 115°10′4″W / 36.13389°N 115.16778°W / 36.13389; -115.16778