One of the biggest gaming corporations in the U.S, Caesars Entertainment has now finally gotten the green light from the Clark County commissioner to start on a highly ambitious expansion drive called, the ‘Linq Project’ in Las Vegas. This incredible mid-strip development project is expected to take eighteen months to finish and will entail the construction of a restaurant/entertainment district that will link the Imperial Palace, a luxury hotel cum casino and Flamingo restaurants. However, the highlight of the Linq Project will be the erection of a massive 500-foot-tall Ferris wheel or observation wheel that is also being hailed as the world’s largest Ferris wheel. This magnificent structure will be occupy space the entire Las Vegas Boulevard, starting from Mandalay Bay. This astounding project will carry a price tag of a whopping $500 million and the expansion will also include revamping of the Imperial Palace, as well as O’Sheas.
Furthermore, the Linq Project also envisions the creation of 326,000 square feet of retail, dining and entertainment venues throughout the mid-strip. The Linq Project is expected to bring about as many as 3,000 construction workers to complete the endeavor and once completed, it is estimated to raise about 1,500 jobs in the gaming as well as the hospitality industry. Even in the face of the repercussions caused by the economic downturn, Caesars is adamant on continuing the project as reinvention is the core that resides in the spirit of Las Vegas. The ground for the world’s biggest Ferris wheel was broken in the month of May this year by developer Howard Bullock of Compass Investments.
According to Steve Sisolak (Clark County Commissioner),
“It will create thousands of jobs, both construction and permanent, and be another amenity on the Las Vegas Strip for tourists to visit and enjoy. It will also provide an economic stimulus to county revenues.”
Via Las Vegas Sun