A Las Vegas casino resort project may be a step closer to foreclosure, while developers of another are due to go before county lawmakers Wednesday amid reports they face trouble due to a shaky credit market and rising building costs.
Representatives of the Cosmopolitan Resort & Casino did not immediately respond Tuesday to reports that Wall Street investment house Deutsche Bank plans to begin foreclosure proceedings on the planned $3 billion (euro1.9 billion) high rise casino and hotel.
Cosmopolitan developer and owner Ian Bruce Eichner said in January that his company, 3700 Associates LLC, was working with Deutsche Bank and Merrill Lynch to find new …
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