Wednesday, November 18, 2009

Staking billions on Vegas resort

The multibillion-dollar gamble known as CityCenter, set to open next month, will either be the soaring vanguard of a new Las Vegas or, like a collection of shimmering tombstones, will stand as a monument marking the last gasp of a struggling entertainment mecca.

The architecturally ambitious resort complex of seven massive buildings on 67 acres along the Vegas Strip is the most expensive privately financed construction project in the country, costing an estimated $8.5 billion.

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