I read the article in Las Vegas Sun that the city of Las Vegas gave the developer of Charlie Palmar Hotel grant to 2 years extension of construction. The developer will wait and see the Las Vegas tourism market in next 2 years. They might extend up to 4 years.
The Charlie Palma hotel was the boutique hotel designed by the famous chef Charlie Palmar, non-gaming hotel with more than 300 rooms. This hotel is expected to give Las Vegas a new type of luxury hotel.
If it's just 2 years extension, it would be ok. That's the matter of time. The worst case is that the developer withdraw and cancel this project. The Smith Center for the performing arts project broke ground last May. The part of Symphony Park project start the construction. If Charlie Palmar hotel project ends up cancel, what would be in front of the performing arts center? The big parking might be added on the performing arts center.
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