Airline takes $137M hit with area resort project delay

The coronavirus pandemic has claimed another victim, at least for the next 18 months: the Sunseeker Resort Charlotte Harbor.

Allegiant Travel Co., the airline behind the Charlotte County project, announced it was suspending construction of the project in March. Company officials offered a deeper explanation of the decision — and the 18-month timeline — in a May earnings conference call. “All non-airline subsidiary spend has been suspended indefinitely,” the company said in its earnings report, adding it will take a $137 million impairment on Sunseeker.