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January 12, 2009
SACRAMENTO -
Construction on the Thunder Valley expansion project stopped last month due to
the lagging economy. The $1 billion project included a 23-story hotel with 624
rooms, a 9-story parking garage with 5,000 spaces, and a performing arts center.
Now the question is whether the project will be downsized.
A spokesman for the United Auburn Indian Community, Doug Elmets, said "Like most
businesses, we are trying to gauge future market demand. There is no question
that Placer County and the region need a large hotel and the casino needs more
parking. But will we need nine stories of parking or as many suites as we
planned? The tribe . decided to step back and reassess and at this stage of the
development of the project, they were able to do just that."
The work stoppage has affected 350 contractors and subcontractors. Work is
expected to resume in late spring or early summer. The original goal for
completion was 2010.
Return to California Casinos.
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