Claims against CityCenter threaten loans, condo sales

05/18/2010 | Wall Street Journal, The

Perini Building Co.'s $490 million in claims against MGM Mirage's CityCenter could threaten the project's finances. The claims are "impairing loan covenants for the project and CityCenter's ability to raise and access capital" as well as condo sales, MGM has said in documents. Perini is suing MGM for the money it says is owed to subcontractors.

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