SYRACUSE - Destiny USA is laying off 45 workers.
The Syracuse-based mall developer says the downturn in financial markets is making it difficult to obtain financing for a planned $450 million, 1,342-room hotel.
The hotel is the second phase of an expansion intended to turn the existing Carousel Center mall into a retail and entertainment complex to rival Minnesota's Mall of America.
Developer Robert Congel says the financing difficulties will have no bearing on the first phase of the expansion - a three-story, 1.3 million-square-foot addition to the Carousel Center - which is now under way.
It's unclear when construction on the hotel will start.
Under a tax deal with Syracuse and Onondaga County, Congel has until Aug. 1, 2009, to start building the second phase.
The hotel is the second phase of an expansion intended to turn the existing Carousel Center mall into a retail and entertainment complex to rival Minnesota's Mall of America.
Developer Robert Congel says the financing difficulties will have no bearing on the first phase of the expansion - a three-story, 1.3 million-square-foot addition to the Carousel Center - which is now under way.
It's unclear when construction on the hotel will start.
Under a tax deal with Syracuse and Onondaga County, Congel has until Aug. 1, 2009, to start building the second phase.
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