Construction of Dream Las Vegas on Hold as Developer Runs Out of Funds
The construction of Dream Las Vegas, a highly anticipated hotel and casino project, has been put on hold due to the developer running out of funds. The project was expected to be a major addition to the Las Vegas Strip, but now its future is uncertain.The Dream Las Vegas project was announced in 2018 by developer Witkoff Group and New Valley LLC, a subsidiary of Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms and 500,000 square feet of convention space. The project