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November 20, 2006

Price tag rises for Agua Caliente casino hotel

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The rising price of materials has driven up the cost of the new hotel at the Agua Caliente Band casino.

The tribe said the 16-story hotel at the casino in Rancho Mirage would cost $185 million. But fluctuations in the price of steel and other building materials has driven it to $210 million.

The tribe isn't pulling back, however. Construction is ongoing, and the tribe recently sold $230 million in bonds to finance the project.

Get the Story:
Luxury hotel not such a steal (The Palm Springs Desert Sun 11/19)

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