CityCenter cost tops $9 billion

Stutz, Howard
May 2008
Las Vegas Business Press (10712186);5/26/2008, Vol. 25 Issue 21, pP15
The article reports on the increase in the construction budget for CityCenter development based on a filing made by MGM Mirage with the U.S. Securities and Exchange Commission. The projected budget was previously between $8.1 billion and $8.4 billion. According to Alan Feldman, spokesman for MGM Mirage, the budget increase reflected rising construction costs that have been affecting development projects in the U.S.


Related Articles

  • MGM MIRAGE REMOVES 'GOING CONCERN' CLAUSE. Knighthy, Arnold // Las Vegas Business Press (10712186);7/6/2009, Vol. 26 Issue 27, pP20 

    The article reports on gaming company MGM Mirage's filing with the U.S. Securities & Exchange Commission citing its ability to raise 2.6 billion U.S. dollars through a combination of stock sales and bond offerings. It is indicated by the move that there is no longer substantial doubt about its...

  • Las Vegas Expansion Report. Haussman, Glenn // Travel Agent;7/30/2007, Vol. 330 Issue 8, p30 

    The article reports on the expansion of the hotel industry in Las Vegas, Nevada. According to Alan Feldman of MGM Mirage Corp., most of the development is upscale, which is the market segment that is least represented, with the most room for growth. Feldman asserts that growth is fueled by...

  • CityCenter price-tag grows.  // Las Vegas Business Press (10712186);5/28/2007, Vol. 24 Issue 22, Special section p13 

    The article reports that the price-tag for MGM Mirage's Project CityCenter on the Vegas Strip has risen by 5.4% to 7.4% billion due to owner scope additions. MGM Mirage revamped its forecasted net cost for the complex from $4.3 billion to $4.7 billion, including $200 million in pre-opening...

  • MGM MIRAGE BETTING BIG ON CITYCENTER. Stutz, Howard; Knightly, Arnold M. // Las Vegas Business Press (10712186);12/7/2009, Vol. 26 Issue 49, pP12 

    The article reports on several challenges faced by MGM Mirage in relation to its Project CityCenter in Las Vegas, Nevada. According to the author, the project faced these challenges as soon as MGM Mirage imploded the shuttered Boardwalk casino on May 9, 2006 in order to clear a major portion of...

  • New Casino or a Mirage?  // njbiz;2/19/2007, Vol. 20 Issue 8, p27 

    The article announces that Las Vegas, Nevada-based MGM Mirage wants to build a casino-hotel complex between Harrah's and Borgata, New Jersey. The amount approved by its board of directors to design the project is mentioned. Construction would start no sooner than 2009. It describes MGM's project...

  • Hold that Crane. ILLIA, TONY // Las Vegas Business Press (10712186);8/11/2008, Vol. 25 Issue 32, p5 

    The article reports on resort-related construction delays, cancellations and defaults in Las Vegas, Nevada. According to Jeremy Aguero, principal of Applied Analysis, investors, banks and lenders are particularly concerned about investments here because of so much construction occurring in one...

  • MGM chief: Financing fears 'overdone.'. Stutz, Howard // Las Vegas Business Press (10712186);8/11/2008, Vol. 25 Issue 32, p16 

    The article reports on the announcement made by MGM Mirage executives that they had secured commitments for $1.65 billion in final financing for the company's CityCenter project. According to company officials, they are working on obtaining the rest of the financing with DubaiWorld, its joint...

  • VERTICAL VISION.  // Las Vegas Business Press (10712186);10/5/2009, Vol. 26 Issue 40, p16 

    The article reports on the progress of the Vdara tower construction project in Nevada. The tower is located inside MGM Mirage's CityCenter development and is headed by Perini Building Co. as the general contractor with Gensler as the executive architect. Amenities will include a wellness spa,...

  • MGM Mirage boss asks staff not to sign petition. Stutz, Howard // Las Vegas Business Press (10712186);5/5/2008, Vol. 25 Issue 18, p16 

    The article reports that the management of MGM Mirage requested its almost 58,000 employees in Nevada not to sign a petition being circulated by the state teachers union seeking to raise the state gaming tax by 44 percent. Company chairman Terry Lanni told employees in an electronic mail...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics