Las Vegas CBS KXNT- Enthusiasm is high among elected officials and community leaders for plans to revive the Echelon resort project. International casino-resort developer Genting Group has purchased the property from Boyd Gaming, which halted construction on its partially-built resort in 2008 after the economy crashed.
Genting is a Malaysian company that owns successful destination resorts in Singapore, the United Kingdom, the Philippines, the Bahamas and the United States. It will build World Resort Las Vegas on the Echelon site. Plans call for a convention center, an indoor water park, three theaters, and several hotels.
Genting Chairman K. T. Lim was welcomed to Las Vegas on Monday by an all-star line-up of political leaders, including Governor Brian Sandoval, County Commissioners Steve Sisolak and Chris Giunchigliani, and Lim got a teleconferenced greeting from Nevada U.S. Senator Harry Reid.
Each of them touted the project’s potential to create jobs, and to infuse new life into the Southern Nevada economy.
“This project will create thousands and thousands of jobs, where we need them the most,” Reid said. The Senator also minced no words criticizing the empty echelon site as a visual liability to the Strip.
Giunchigiani said she welcomes a much-needed boost to the north end of the Strip.
“It’s the entry way into our downtown,” she said. “From Stratosphere all the way down to our downtown project.”
Construction on the World Resort Las Vegas will start at the end of this year, and is expected to be complete by 2016.