Dream Las Vegas Casino Resort could resume construction on the Strip early next year, according to a local report in the Las Vegas Review-Journal. The owner of Dream Las Vegas recently filed an application for an extension on its building permits in Clark County.
According to a recent letter requesting the extension, the company cited that “financing issues delaying the project were being sorted out and construction could resume in January 2024.”
Due to issues with funding, construction on the project came to a halt at the beginning of this year. Developers said they owed between $25m and $30m on work that had already been done, according to the local report.
However, the Review-Journal reported that Clark County records show several liens have been filed against the Dream property since February.
Once completed, the new casino resort will reside on Las Vegas Blvd. The estimated cost for the project could run from $550m to $575m.
The destination was originally scheduled to open at the end of next year. A Shopoff spokesperson told the Review-Journal that the casino could open in “late 2025.”
In other Clark County news, local commissioners recently approved an ordinance that will ban sidewalk vendors from conducting business close to resort hotels and facilities that have large seating capacity.
The unanimous decision brings the county into alignment with recent laws passed during the past legislative session. Nevada state law requires that street vendors cannot operate “within 1,500 feet of a resort hotel or near a facility that can seat at least 20,000 people, among other areas.”
The new law took effect October 17. A second ordinance, designed to establish licensing requirements, acceptable locations for street vendors and fees must be on the books by July 1, 2024.
