The same crushing recession that stopped the Sands casino resort hotel in November 2008 is helping to restart it now.
Sands casino executives have agreed to resume building their 300-room hotel in south Bethlehem, largely because the global financial crisis has caused construction costs to plummet and because Sands has decided to strip some of the extravagant Las Vegas-style luxury from the hotel.
As a result, a hotel that was expected to cost $60 million to complete can now be finished for as little as $30 million, according to a source close to the project.
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