CityCenter delays Las Vegas hotel opening, cancels condo
CityCenter Holdings will postpone the opening of its Harmon hotel and spa in Las Vegas until late 2010 and will cancel the condominium portion of the project as part of an effort to reduce costs. CityCenter, a joint venture between MGM Mirage and Infinity World Development Corp., said the changes, along with other measures, will help reduce the cost of the project by $600 million. Postponing the opening will defer $200 million in construction costs. Other pieces of the massive project are still on track.
Forbes | 01/07
This story published in AGC SmartBrief on 01/09/2009
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