Newshound
Joined: 01 Jan 1970
Posts: 33647
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| Posted: Wed Jun 29, 2005 10:50 pm Post subject: Michael Jordan’s Las Vegas High Rise – Cancelled |
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The volatile Las Vegas high rise market has claimed another victim, Aqua Blue. Aqua Blue was to be a 46-story Las Vegas high rise located near the famous Las Vegas Strip, just behind Ballys Casino. World famous NBA superstar Michael Jordan backed the $600 million dollar project with a proposed 65,000 square foot Michael Jordan Athletic Center and planned on expanding his restaurant businesses by adding a Michael Jordan Steak House and Michael Jordan’s 23 to the Aqua Blue High Rise. The project developer cites increased construction costs as the primary reason for the cancellation. The high rise was over 50% sold out and refund checks will be sent back to buyers shortly via Nevada Title. [PRWEB Jun 29, 2005]
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