Women, minorities, the young and the less educated will likely be the hardest hit by hallowing out of retail, hospitality and entertainment jobs.
The developer, Glenroy Coachella LLC, filed for Chapter 11 protection after the project’s manager has faced allegations of fraud.
The company is partnering with Fontainebleau Development on a long-stalled resort and casino on the Strip.
A trade group that represents Marriott, Hilton and Sheraton as well as smaller boutique hotels is asking the city to forgive or reduce interest charges.
The company is seeking the capital in combination of debt and equity.