Palms Renovation Nears $700 Million

The ongoing remodel of the Palms by Station Casinos was originally budgeted at $485 million but that price tag has soared to $690 million. The reason for the price increase is the rising cost of materials as well as a tight labor market but the construction is on track to end by the third quarter of next year.

Even with the extra cost for Palms remodel i think its likely money well spent for Station Casinos for a property that’s not too far from the Strip and, especially if the rumors of a new hotel or arena at the nearby Rio come to fruition.