The Sands corporation treading on financially shaky ground has announced that they have agreements to raise some 2.14 Billion dollars in new funding. With the economic slowdown, lower occupancy rates and the development of their Macao property (construction had been suspended earlier in the week), Sands has been in economic straights.
Another project in the works for the Sands corporation was the St. Regis condominium tower in Las Vegas. Originally the tower was going to contain condos for sale on the Las Vegas strip. Sands’ president Bill Weidner stated that the company would indefinitely suspend development of its St. Regis condominium tower in Las Vegas.
The condos were going to be some of the pricest per square foot available in Las Vegas.
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