Los Angeles Business Journal

Closed Casino Banks on U.S. Program

Thursday, February 14, 2013

Los Angeles nightclub operator and hotelier Sam Nazarian is set to begin construction on a $415 million renovation of the old Sahara casino and hotel, the Wall Street Journal reports. Nazarian and his partners are now able to move forward because they believe they are close to coming up with as much as $215 million from the immigrant investment program known as EB-5.