{"id":2067,"date":"2020-03-18T14:30:00","date_gmt":"2020-03-18T18:30:00","guid":{"rendered":"https:\/\/www.construction.com\/newsroom_details_pag\/allegiant-shelving-construction-of-470-million-sunseeker-resort-in-florida\/"},"modified":"2025-10-08T05:24:10","modified_gmt":"2025-10-08T09:24:10","slug":"allegiant-shelving-construction-of-470-million-sunseeker-resort-in-florida","status":"publish","type":"post","link":"https:\/\/www.construction.com\/reports\/allegiant-shelving-construction-of-470-million-sunseeker-resort-in-florida\/","title":{"rendered":"Allegiant shelving construction of $470 million Sunseeker Resort in Florida"},"content":{"rendered":"<p><em><strong>Allegiant suspends resort construction to cope with virus fallout<\/strong><\/em><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/01\/13529745_web1_ALLEGIANT-EXPANSION_011420ev_006.webp\" alt=\"\" \/><br \/>\n(Two Allegiant Air airplanes are seen on the tarmac at McCarran International Airport in Las Vegas on Tuesday, Jan. 14, 2020.)<\/p>\n<p>Allegiant Air\u2019s parent company is suspending construction of its Florida resort and slashing other costs to cope with the national fallout over the new coronavirus.<\/p>\n<p>Just days after saying construction would not be affected, Las Vegas-based Allegiant Travel Co. on Wednesday unveiled a slate of measures in response to the virus, with Chairman and CEO Maurice \u201cMaury\u201d Gallagher calling the public health crisis an \u201cunprecedented situation\u201d that is \u201cchanging daily.\u201d<\/p>\n<p>The deep-discount carrier said it already slashed flying capacity and that more cuts were on the way. It also said it would \u201cimmediately cease activity on non-airline projects.\u201d<\/p>\n<p>Allegiant is shelving construction of its $470 million Sunseeker Resort Charlotte Harbor project; tabling the planned renovation of its Florida golf course, Kingsway Country Club; and closing its two arcades \u2014 one in Utah, another in Michigan \u2014 until further notice.<\/p>\n<p>It also put a moratorium on nonessential capital spending, froze hiring for nonessential positions, suspended stock buybacks and dividends, and said \u201cavenues for additional borrowing will be explored.\u201d<\/p>\n<p>Gallagher and Allegiant President John Redmond do not take a base salary, but other corporate officers will take a 50 percent salary cut, the airline said.<\/p>\n<p>All told, the measures \u201ccould defer as much as $300 million\u201d in planned cash spending this year, Chief Financial Officer Greg Anderson said in the release.<\/p>\n<p>Allegiant will \u201cbring forward additional measures as needed,\u201d he added.<\/p>\n<p>The carrier \u2014 known for flying from small, underserved cities to warm-weather vacation spots, usually without competition on its routes \u2014 said over the weekend it will <a href=\"https:\/\/neon.reviewjournal.com\/travel\/allegiant-temporarily-closing-preview-center-of-florida-resort-project-1982619\/\">close Sunseeker\u2019s preview center<\/a> for two weeks starting Monday because of the new coronavirus.<\/p>\n<p>It said employees based there will work remotely during the closure, which \u201cwill not affect construction\u201d of the <a href=\"https:\/\/www.reviewjournal.com\/business\/allegiant-air-has-expanded-into-some-unusual-side-businesses-for-an-airline-1696066\/\">riverfront project<\/a>.<\/p>\n<p>Allegiant broke ground on Sunseeker a year ago and has said it expects to finish the hotel in the second quarter of 2021.<\/p>\n<p>Contact Eli Segall at <a href=\"mailto:esegall@reviewjournal.com\">esegall@reviewjournal.com<\/a> or 702-383-0342. Follow <a href=\"https:\/\/x.com\/eli_segall\">@eli_segall<\/a> on Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allegiant suspends resort construction to cope with virus fallout (Two Allegiant Air airplanes are seen on the tarmac at McCarran International Airport in Las Vegas on Tuesday, Jan. 14, 2020.) Allegiant Air\u2019s parent company is suspending construction of its Florida resort and slashing other costs to cope with the national fallout over the new coronavirus&#8230;.<\/p>\n","protected":false},"author":41,"featured_media":24835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[75],"tags":[],"class_list":["post-2067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Allegiant shelving construction of $470 million Sunseeker Resort in Florida | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"Allegiant shelves construction of the $470 million Sunseeker Resort in Florida. 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