MGM CityCenter Fears Overdone Say Top Execs

With MGM CityCenter running over budget from a proported 6 billion dollar project to its latest estimate of about $9.6 billion, and the latest round of needed financing in question, MGM/Mirage execs say all will be just fine with the project.  Afterall, Dubai is a 50% partner.

MGM/Mirage CityCenter at Dusk from the LVRJ 080808

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You can see the Mandarin Oriental Hotel in the left foreground. It will be a hotel with 220+ residences atop the hotel rooms and it is some of the priciest real estate in Vegas. Right foreground is Turnberry/MGM's Signature at MGM Grand Tower 1. The Harmon corridor is developing really well, with the Planet Westgate Timeshares and Residences well underway and the COSMOPOLITAN RESORT right across from CITYCENTER.  Between the 500,000 sq. ft. of shopping at CityCenter and 300,000 sq. ft. at COSMO, plus Planet Hollywood Shops, it will be a lot of fun to get some mall walk exercise in 2009!

The Stark Team Specializes in Luxury Real Estate in Las Vegas and Henderson NV, focusing on homes and condos in Anthem Country Club, Green Valley, Seven Hills, Inspirada, Summerlin, Lake Las Vegas, and the   High Rise Condos on and Off the Strip, TRUMP TOWER Vegas Condos, SKY Las Vegas on the Strip, Turnberry Place and Turnberry Towers, Panorama Towers, Las Vegas Lofts, Retirement Communities in Sun City Anthem, Summerlin Real Estate, and Foreclosures in Las Vegas and in Henderson NV.

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