Posted Aug 22, 2016, 3:41 PM
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,377
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April, 2016: Alon Resort Prospects Falter as Project is Pushed Back Another Six Months
Quote:
The struggle is real at Alon. Those involved with the ambitious resort have been informed the project has been pushed back yet another six months because financing has failed to materialize.
Once slated to open in 2018, some now question whether Alon (pronounced AY-lon) will happen at all, despite it being backed by Australian billionaire James Packer. Packer’s plan to raise funds for the project by lowering his stake in the company haven’t come to fruition.
The cost of Alon is expected to be between $1.6 billion and $1.9 billion.
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