Olympia Gaming, which has delayed its planned $1 billion Southern Highlands resort project because of the fluctuating bond market, plans to break ground early next year on the $800 million Legends Marina Resort in Sparks.
The Northern Nevada project will sit on 14 acres next to a 1.2 million-square-foot retail and entertainment center being built by Scottsdale, Ariz.-based RED Development.
Olympia spokes man D.C. Graham said the connection to another development in Sparks and the smaller scale of the hotel-casino allows the project to move forward. The Sparks resort is scheduled to open in 2010.
Financing options for Southern Highlands project will be visited quarterly and will move ahead when the markets are right, Graham said.
Las Vegas Review-Journal
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