In the face of the recession, Caesars is doubling down. Construction will begin this month on a $500 million mid-Strip project called Linq that will include a restaurant-entertainment district (326,000 square feet) linking the Imperial Palace and Flamingo resorts, a “re-skinning” of Imperial Palace and O’Sheas, and a 550-foot “observation wheel” that is like a Ferris wheel, but houses 30 people per pod. This will also create 1,500 permanent new jobs and employ about 3,000 construction workers. We wish Caesars the best on this 18-month project. We have found some great deals on Caesars hotels, with rates as low as $99 a night. Don’t forget to check out our page on Caesars as well!