"I believe Pinnacle is a great project and would like to see itbuilt," Schwartz tells GlobeSt.com. "But the construction delayshave led to a feeling in most of us that we have waited long enoughand there are better uses for our money. We are seeking the returnof our deposits and the opportunity loss associated with theanticipated failure of the project."

The attorney representing the defendants--Pinnacle Las VegasLLC, 4645 Tropicana Partners LLC, Falconi Group, Dick PacificConstruction Co., Elysium Enterprises Inc. and PraxisResources--says the complaint is baseless. "Generally my clients donot comment on litigation when it is pending; however, we have donea review of this and do not think it has any merit," attorneyCynthia LeVasseur tells GlobeSt.com. "We will be filing a motion todismiss the action with the court this week."

Pinnacle Las Vegas, an estimated $740-million project, was firstannounced in 2005. Three years and three general contractors later,the 12-acre site has been cleared but construction has yet tobegin. Located across from the Orleans hotel, casino and arena, theproject was originally scheduled to be complete in June 2009. Sincethat time construction and completion dates have been pushed backtwice. The last time line announced by the developer called forconstruction to begin in mid-2008 and be complete in mid-2010.