The Dream Las Vegas hotel-casino project, envisioned as a boutique-style resort near the southern edge of the Las Vegas Strip, has become a cautionary tale of stalled development, missed deadlines, and financial setbacks.
Project Timeline and Background:
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- The developers, Bill Shopoff (Shopoff Realty Investments) and David Daneshforooz (Contour), purchased the site for $21 million in February 2020, just before the COVID-19 pandemic hit.
- Clark County approved plans for a 20-story, 527-room hotel-casino in fall 2021, with a ceremonial groundbreaking in summer 2022.
- Construction halted less than a year later, with the developers owing tens of millions of dollars to contractors and…