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Casino's height brings controversy23 July 2007USTRALIA -- As reported by the Daily Telegraph: "James Packer's casino consortium in Las Vegas has attracted flak from aviation regulators for its controversial plans for the world's second tallest building. "Mr Packer's Publishing and Broadcasting said in May it paid $27 million for a stake in the consortium which will develop and operate the $5 billion Crown Las Vegas casino. "But the project has hit a snag because the US Federal Aviation Administration believes the 575m high tower may be a hazard since it is near an airport. "The group will be sweating on a decision by the FAA, which ruled last year that anything higher than 200m on the site will be problematic, because of its proximity to Las Vegas' McCarran Airport. "...Mr Packer has 38 per cent of the consortium which plans to build the towering casino on the former Wet'n'Wild theme park site at the north end of Las Vegas Boulevard. "...The Nevada casino project is a joint venture between Mr Packer, Texas developer Chris Milam and the New York investment fund York Capital Management..." |