I got this info from one of my title reps. I am still trying to validate the numbers. Although they seem quite high, this very well could be correct....
Daily power bill - $300k
1/3 of buyers are local. 1/3 from California.
They estimate 20 to 30% of their buyers will live there full time.
Avg price is $1,600 per sqft.
$1.4 billion in sales so far
Construction cost is about $4 million dollars a day and will increase to $7million per day! (WOW)
Currently 4000 men working on the job site. This will be increased to 7000 in March
They have a seven person team that does nothing but obtain building permits.
There are 26 months left of construction.
Closings to begin in August 2009
Mandarin to begin closing in Sept 2009
Veer to begin in October 2009
Hotel Casino expected to open in Nov 2009.
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