The massive City Center casino complex opened in Las Vegas last December amid the steepest decline in tourism there in decades. Now, its owners are still scrambling to figure out how to fix the 67-acre development's financial problems.
The $8.7 billion project, with its hotels, condominiums, casino and giant mall designed by Daniel Libeskind, is the largest privately funded construction project in the U.S. It was supposed to usher in a new era of sophistication and urban living in the gaming capital. But it almost collapsed before it opened, and because of its huge scale, its fortunes and those of Las Vegas are closely linked.
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