Las Vegas Plaza Plans Pushed Back to 2009.

The article reports the delay in building the $5 billion Plaza casino hotel in Las Vegas, Nevada. The groundbreaking of the project is scheduled instead on 2009 according to Elad IDB Las Vegas LLC spokesperson Michelle Tsang. The company has also postponed the payment of a $625 million loan. Credit market crises and a decrease in consumer traffic has affected a number of Las Vegas projects. The Plaza will feature seven towers including a hotel, private residences, retail stores, restaurants and a casino.