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Nearly lost amidst a flurry of news stories about Las Vegas Sands<\/strong> hoping to jump-start construction<\/a> on its stalled Cotai Strip™<\/strong> (with the help of new equity partners) was this snippet<\/a> from Sands' president of Asian affairs, Stephen Weaver<\/strong>. Rents at the Marina Bay Sands<\/strong> shopping mall, still under construction in Singapore<\/strong>, are being “pulled down to adjust to the market.”<\/p>\n Lower projected rents? Just one more reason to curb the irrational exuberance with which some Wall Street analysts view this $5.4 billion project.<\/p>\n Under the radar:<\/strong> Remember how Columbia Sussex <\/strong>told the New Jersey Casino Control Commission<\/strong>, in effect, "put it on our tab," when hit with a $750,000 fine? ColSux's original plan was to just have the NJCCC skim the 750 large off the top of whatever it got from selling the Tropicana Atlantic City<\/strong>.<\/p>\n However, the NJCCC informs me that ColSux affiliate Adamar<\/strong> settled up with the state a ways back. Bravo to them. Besides, if Carl Icahn<\/strong> wins the Trop with a credit bid, the casino will change hands but no money will. So much for the windfall everyone was anticipating a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":" Nearly lost amidst a flurry of news stories about Las Vegas Sands hoping to jump-start construction on its stalled Cotai Strip™ (with the help of new equity partners) was this snippet from Sands' president of Asian affairs, Stephen Weaver. Rents … Continue reading