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Tribe suspends work on California hotel1 December 2008PLACER COUNTY, California -- As reported by the San Francisco Chronicle: "A Placer County tribe says the declining economy has forced it to stop construction on a hotel that was planned to complement its casino. "Doug Elmets, a spokesman for Thunder Valley Casino, says the United Auburn Indian Community is likely to downsize the project when it is re-evaluated in three to six months. "Construction was halted with just five of the 22 stories built. "The project was estimated to cost $1 billion. Suspending it will idle some 350 construction workers and jeopardize the 2,000 jobs the tribe estimated it would create when finished..." |