The Palazzo Hotel and Casino boasts many features of Las Vegas excess — an indoor waterfall, a smoke-filled gaming area, seven decorative fountains, and guest suites with three TVs and power-controlled curtains.
Yet the 50-story complex achieved an unlikely and lucrative milestone after opening in 2008. A powerful private organization declared it an environmentally friendly “green” building, the world’s largest at the time.
The designation won its owner, Las Vegas Sands Corp., a $27 million tax break over 10 years because a Nevada law puts the private interest group — not the government — in charge of deciding which buildings are green enough for a taxpayer subsidy.
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