Astumbling economy has claimed another victim on the Las Vegas Strip. The two-tower, 1,720-room Sahara Hotel & Casino will close on May 16 amid funding woes that have temporarily stalled redevelopment plans. Photo: Courtesy Of Sahara Hotel & Casino Las Vegas hotel was a popular tourist and entertainment spot in the 1950s, but tough economics are forcing its closure. Los Angeles-based owner SBE Entertainment Group will shutter the 59-year-old resort on 17.5 acres because continued operation is “no longer economically viable,” a company statement said. The closure will likely affect the bankrupt 3.9-mile Las Vegas Monorail, which has a passenger
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.