{"id":44687,"date":"2025-08-28T16:48:42","date_gmt":"2025-08-28T23:48:42","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=44687"},"modified":"2025-08-28T16:51:00","modified_gmt":"2025-08-28T23:51:00","slug":"dead-dream-handed-over-to-construction-company-due-to-unpaid-bills","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/dead-dream-handed-over-to-construction-company-due-to-unpaid-bills\/","title":{"rendered":"Dead Dream Handed Over to Construction Company Due to Unpaid Bills"},"content":{"rendered":"\n

The developer of Dream Las Vegas has handed the keys to the dead project to a construction company he owes $40 million.<\/p>\n

The Dream Las Vegas hotel was announced with much fanfare, including a fanciful groundbreaking on July 8, 2022. In good faith, McCarthy Building Companies started work on the project, but the project stalled<\/a>, leaving behind tens of millions in unpaid bills.<\/p>\n

McCarthy has now been given the land by Dream’s developer, Shopoff Realty Investment, to settle a portion of the debt. The land is worth $17.2 million. Awkward.<\/p>\n

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Foundations aren’t buildings. See also the imaginary ballpark on the Trop site.<\/figcaption><\/figure>\n

Las Vegas history is littered with projects that started and stalled due to lack of funding. The Skyvue observation wheel (near the Dream site), Echelon (now Resorts World), Fontainebleau (now Fontainebleau), the St. Regis Residences at Venetian, All Net (hey, they moved dirt), the A’s ballpark, the list goes on and on.<\/p>\n

Oh, we hear you. The A’s ballpark hasn’t technically stalled yet. Give it a minute. The project isn’t funded. The A’s are definitely following in All Net’s footsteps<\/a>, dirt movingwise.<\/p>\n

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Oh, look, it’s a video of dozens of guys masturbating for a month straight. pic.twitter.com\/Z1qXUJ8q1n<\/a><\/p>\n

— Vital Vegas (@VitalVegas) August 26, 2025<\/a><\/p><\/blockquote>\n