Lawsuit cites cost overruns of $8.5B CityCenter project in Vegas

04/22/2012 | VegasInc.com (Las Vegas)

An amended class-action lawsuit has been filed by MGM Resorts International shareholders and bondholders. They say the value of their investment in the company declined because of cost overruns and alleged construction defects at the $8.5 billion CityCenter complex in Las Vegas. They say constant design changes and underrated construction estimates caused the project's costs to balloon.

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