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Krases
Mar 10, 2009, 10:54 PM
Well there is a hotel named Aria. Why not call it "Denise"?

Lets also break a bottle of wine over the side of each building and include life preservers.

justdefended
Mar 11, 2009, 4:33 AM
Owner of Terrible's casino chain to seek bankruptcy

http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN10309920090311

Another company going down the BK route. Herbst is pulling a Station Casino - prearranged bankruptcy.

Snotick
Mar 11, 2009, 3:01 PM
I was just wondering what the progress of the Cosmo (or The Den... or Denny's) will be in when I am there in September. I am an owner at Jockey Club (I know, most people hate that place) Since the Cosmo started building up, they have had a giant net over the JC pool. It is bad enough that the Cosmo buildings block most, if not all, of the sunlight that gets to the pool. But this net makes you feel like you are in one of those World War II ammo dumps, with a giant net to hide you from bomber planes.
I was hoping that the cranes would be taken down and the North side of the buildings would be complete, making the net unnecessary. What do you guys think?

mac78130
Mar 11, 2009, 4:09 PM
Cosmopolitan building flaws?

http://www.lvrj.com/news/41078077.html

RandalR
Mar 11, 2009, 10:05 PM
I was hoping that the cranes would be taken down and the North side of the buildings would be complete, making the net unnecessary. What do you guys think?

It's pretty much done now. The exterior cranes should be long gone by September.

mac78130
Mar 12, 2009, 1:29 AM
Silver Cirque Theater
flickr photo by Tiffibunny (http://www.flickr.com/photos/tiffibunny/3347494872/)

http://farm4.static.flickr.com/3458/3347494872_35b5f19396_b.jpg

mac78130
Mar 12, 2009, 1:35 AM
Article in Las Vegas Sun about Cosmopolitan and Hilton's Denizen:

http://www.lasvegassun.com/news/2009/mar/11/hilton-hotels-launches-new-brand/

justdefended
Mar 12, 2009, 2:03 AM
Silver Cirque Theater
flickr photo by Tiffibunny (http://www.flickr.com/photos/tiffibunny/3347494872/)

http://farm4.static.flickr.com/3458/3347494872_35b5f19396_b.jpg

That looks awesome. :banana:

solediavolo
Mar 12, 2009, 2:52 AM
I think that's the view from the MC pool. If so, from a poolside area that leaves an overwhelming wherehouse-district aftertaste, stylish curvature or not. Really distracting in that setting.

neworleans
Mar 12, 2009, 7:13 AM
actually, i've been in the monte carlo pool area many times and it's not overwhelming at all.

solediavolo
Mar 12, 2009, 2:05 PM
Absolutely, it's a subjective thing. And like all subjectivity, there will always be those who like or don't like something like this. But I tend to think more people than not would prefer to see something from that view that blends in with what they're trying to capture in the MC's pool area. It's not like the MC is a property owned by someone else and they didn't have to consider how it might be perceived. Nor is it a part of the property much of anyone at City Center is going to be able to see. I just think they could have found a way for the architecture to blend in with the MC at that point, while staying true to what the CC was trying to do.

For the record, I like what I've seen of the City Center, and I usually stay at the Mirage and the Bellagio or the Wynn, so it matters little to me on a personal level(I did stay at MC once last year, though).

CosmoVegas
Mar 12, 2009, 3:16 PM
From the picture it looks like the west tower cranes will be comming down soon...maybe next week?


mac78130
SLEEP IS FOR QUITTERS Join Date: Sep 2008
Location: New Braunfels, TX
Posts: 234



Article in Las Vegas Sun about Cosmopolitan and Hilton's Denizen:

http://www.lasvegassun.com/news/2009/mar/11/hilton-hotels-launches-new-brand/

williasj
Mar 12, 2009, 11:13 PM
Silver Cirque Theater
flickr photo by Tiffibunny (http://www.flickr.com/photos/tiffibunny/3347494872/)

http://farm4.static.flickr.com/3458/3347494872_35b5f19396_b.jpg

I agree the cirque theater is awesome, really beautiful:worship:

ScottG
Mar 12, 2009, 11:41 PM
CONFIRMED: Light Group founder Andrew Sasson is in talks with MGM Mirage to buy the Monte Carlo, a rep for the club mogul confirmed today.


http://www.vegastripping.com/news/news.php?news_id=2558

Krases
Mar 13, 2009, 12:53 AM
MONTE CARLO? Wow I would have thought it would be the mirage and it would be sold to Ruffin.

mdiederi
Mar 13, 2009, 1:03 AM
Guess the MC is a consolation prize for losing the Harmon?

CharoogAjram
Mar 13, 2009, 5:32 AM
CONFIRMED: Light Group founder Andrew Sasson is in talks with MGM Mirage to buy the Monte Carlo, a rep for the club mogul confirmed today.


http://www.vegastripping.com/news/news.php?news_id=2558

No!
MC was one of my fav MGM Mirage resorts. They should have sold Mirage or Excalibur.

justdefended
Mar 13, 2009, 6:54 AM
This is the same Norm who said that Veer was designed to lean at 22 degrees and that it was now almost double that.

http://www.lvrj.com/news/36967909.html

This seems unlikely being that Andrew Sasson released this statement in Jan.

"My team and I have dedicated nearly four years to this
project. We all remain absolutely committed to completion and opening of
The Harmon at the earliest possible date, with all the amenities and
attention to detail that guests should expect. We have assembled a dream
team of the world's most talented designers, restaurateurs, and spa and
salon professionals to create something unique to Las Vegas. The city's
first truly boutique hotel, The Harmon will embody Las Vegas' evolution
from ostentatious, over-the-top spectacle to a more discreet,
sophisticated and modern version of luxury, delivering an unprecedented
level of service and exclusivity."

Seems much more likely for The Light Group to stick with The Harmon and try their hand at a boutique hotel before they even think about owning a gaming resort property.

lfc4life
Mar 13, 2009, 3:26 PM
MONTE CARLO? Wow I would have thought it would be the mirage and it would be sold to Ruffin.

going on the revenue streams of each resort, MGM will not sell mirage for anything below $1.6b and neither ruffin or penn have that money or are willing to pay that price.

mirage is also a big money maker, 4th overall in revenue behind bellagio, grand and MB/The Hotel and brings in twice as much revenue as the 5th place luxor and more than twice as much as the TI did

it brings in 3 times as much money as Monte Carlo, which despite having 4 diamonds and a great location has been underperforming for a few years compared to its neighbours. i am not surprised at all that mgm are looking to sell MC, they won't get more than $550m for it though

mac78130
Mar 13, 2009, 8:07 PM
VegasRex has a few pics of the Hard Rock expansion
http://www.vegasrex.com/2009/03/13/the-hard-rock/

http://www.vegasrex.com/newsimages/hardrock31.jpg

http://www.vegasrex.com/newsimages/hardrock34.jpg

CHAPINM1
Mar 14, 2009, 9:23 AM
With all the bad news we all hear, there is good news out there that people seem to ignore. An example being the M Resort and how successful it's opening has been. Also, how is the Font progressing? I'm guessing they are almost finished with all the glass on the south end with an exception of the crown. On a side note, there are a lot of people I know of making trips to Vegas despite the economy and it's always great to hear so... From what I've heard, Las Vegas has been a very attractive spring break destination because it's a hell of a deal in this environment.

lfc4life
Mar 14, 2009, 12:35 PM
shots of FBlue from march 3

http://i43.tinypic.com/2zxyq2h.jpg
http://www.flickr.com/photos/14097649@N02/3336074607/

http://i39.tinypic.com/21dlsk.jpg
http://www.flickr.com/photos/14097649@N02/3336917804/

mac78130
Mar 14, 2009, 4:30 PM
Front of Bleau
flickr photo by ci1000 (http://www.flickr.com/photos/ci1000/3352397513/)
http://farm2.static.flickr.com/1161/3352397513_8f34243462_b.jpg

mac78130
Mar 14, 2009, 4:39 PM
What is with the yellow "stuff" on the Crystals?
flickr photo by Geoff C (http://www.flickr.com/photos/lynfieldclows/3353174746/)

http://farm4.static.flickr.com/3566/3353174746_93617a5383_b.jpg

Plokoon11
Mar 14, 2009, 5:08 PM
^ Its insulation wall paper.

Wow its amazing to see how Las Vegas has it's first 700 footer, thats an actual building and not a tower. But IMHO Las Vegas needs a square building not a curvey rectangle building that all these casino's blueprints have.

theWatusi
Mar 14, 2009, 5:14 PM
I'm going to Vegas in 3 weeks and these pictures and making me drool.

:banana:

mac78130
Mar 14, 2009, 5:24 PM
^ Its insulation wall paper.

Wow its amazing to see how Las Vegas has it's first 700 footer, thats an actual building and not a tower. But IMHO Las Vegas needs a square building not a curvey rectangle building that all these casino's blueprints have.

Hmmm, I thought glass was going to be installed in that area. Maybe it's where Tiffany's is going to be. They are supposed to have a two story store facing the strip (http://investor.tiffany.com/releasedetail.cfm?ReleaseID=307757). Maybe having all glass was too much of a risk.

Krases
Mar 14, 2009, 5:28 PM
It is probably temporary and will come down when the glass is installed. It is possible they are already doing interior work.

mac78130
Mar 14, 2009, 5:42 PM
I don't think it's temporarily, from the pic below you can see the metal framing is different.

http://farm4.static.flickr.com/3564/3334738318_37cc485f19.jpg?v=0
flickr photo by NickWarzy (http://www.flickr.com/photos/nickwarzy/3334738318/)

mac78130
Mar 14, 2009, 6:45 PM
http://news.yahoo.com/s/nm/20090314/bs_nm/us_mgm_breakup_wsj

Krases
Mar 14, 2009, 7:28 PM
"Everything is for sale".

Huh. I guess they realized that they won't be able to keep all of there properties, build city center and survive as a company at the same time.

I would personally like to see Luxor, Excalibur and Mandalay Bay get sold to a different company. There is also the huge amount of unused space around Circus Circus, not to mention Circus Circus itself.

mac78130
Mar 14, 2009, 8:33 PM
From the picture it looks like the west tower cranes will be comming down soon...maybe next week?

Article in Las Vegas Sun about Cosmopolitan and Hilton's Denizen:

http://www.lasvegassun.com/news/2009/mar/11/hilton-hotels-launches-new-brand/

One coming down

http://i544.photobucket.com/albums/hh359/mac78130/ariacosmo.jpg

theWatusi
Mar 14, 2009, 8:38 PM
dunno if this has been posted before...

http://www.vegastodayandtomorrow.com/condomap.htm

Krases
Mar 14, 2009, 9:25 PM
dunno if this has been posted before...

http://www.vegastodayandtomorrow.com/condomap.htm

That site's owner is a regular on this thread. lol

justdefended
Mar 14, 2009, 9:30 PM
New York Times article:

http://www.nytimes.com/2009/03/15/realestate/commercial/15sqft.html?_r=1&ref=business&pagewanted=all

Highlights include:


JP Morgan analyst says MGM Mirage options to decrease debt included the possibility that CityCenter won’t be finished; that it will be completed later than expected; or that MGM Mirage will sell all or part of its ownership in CityCenter.

Veer Towers have reached their height of 37 stories.

Harmon Hotel will still include the Mr. Chow restaurant and Frederic Fekkai salon. It will be managed by Light Group.

Cesar Pelli feels bad for The Harmon building designers.

mdiederi
Mar 14, 2009, 10:03 PM
There's been a mysterious blue neon light the last two nights about half way up the middle of the south face of the Den's west tower. Neglected to take a photo, but I wonder if they're testing trim lights.

mac78130
Mar 14, 2009, 10:13 PM
There's been a mysterious blue neon light the last two nights about half way up the middle of the south face of the Den's west tower. Neglected to take a photo, but I wonder if they're testing trim lights.

Did you noticed the Vdara sign has been turned off too. Wonder if they are trying to save cash.

RandalR
Mar 14, 2009, 10:21 PM
There's been a mysterious blue neon light the last two nights about half way up the middle of the south face of the Den's west tower. Neglected to take a photo, but I wonder if they're testing trim lights.

I saw that - looks like a preview of the finished product. I'll try to get a shot later, if it's still on.

theWatusi
Mar 14, 2009, 10:32 PM
That site's owner is a regular on this thread. lol

haha had no idea...i'm a nube in this thread
:cheers:

Plokoon11
Mar 14, 2009, 10:41 PM
Nube? what is that mean? Reminds me of noob but what ever.

mac78130
Mar 15, 2009, 12:30 AM
When is this thing supposed to be done?

http://farm4.static.flickr.com/3437/3354978654_111571dbda.jpg?v=0
flickr photo by peterboyce1 (http://www.flickr.com/photos/30874311@N08/3354978654/)

mdiederi
Mar 15, 2009, 12:31 AM
When is the thing supposed to be done?

2008

http://www.hooverdambypass.org/old_news.htm
Construction on the nearly 2,000 foot long Colorado River Bridge began in late January of 2005 and the completion of the entire Hoover Dam Bypass Project is expected in June 2008.

Snotick
Mar 15, 2009, 1:46 AM
There's been a mysterious blue neon light the last two nights about half way up the middle of the south face of the Den's west tower. Neglected to take a photo, but I wonder if they're testing trim lights.

See, its already being called the Den. I knew I should have copywrited that:haha:

Bruce911
Mar 15, 2009, 2:11 AM
See, its already being called the Den. I knew I should have copywrited that:haha:

Well, we should probably all stick to calling it the Cosmo until a new name is officially announced, shouldn't we?

Krases
Mar 15, 2009, 3:07 AM
2008

I believe a construction accident set it way back to late 2010.

Four cranes fell over if I remember right.

I wonder if there will be a wide pedestrian crossing area on the bridge. I think a lot of people would want to look down from up there.

Edit: oh hey a webcam.
http://live8.truelook.com/face/sqface.jsp?func=live&name=/hooverdam/bypass/nevada&pan=-18.126364&tilt=-12.359638&panfov=29.395832&tiltfov=22.046875&overlay=default&skin=default&useapplet=true&time=1237086456879&width=640&height=480&quality=65&catalogname=catalog&zoom=1.4117647&vfmap.x=446&vfmap.y=83&vfmap.w=62&vfmap.h=13

mac78130
Mar 15, 2009, 5:09 AM
Does it seem that the exterior for the Octavius tower is taking a long time?
Flickr photo by Ken Lund (http://www.flickr.com/photos/kenlund/3354841859/)

http://farm4.static.flickr.com/3659/3354841859_da0ce685d2_b.jpg

mdiederi
Mar 15, 2009, 5:32 AM
I believe a construction accident set it way back to late 2010.

Four cranes fell over if I remember right.

I wonder if there will be a wide pedestrian crossing area on the bridge. I think a lot of people would want to look down from up there.

Edit: oh hey a webcam.
http://live8.truelook.com/face/sqface.jsp?func=live&name=/hooverdam/bypass/nevada&pan=-18.126364&tilt=-12.359638&panfov=29.395832&tiltfov=22.046875&overlay=default&skin=default&useapplet=true&time=1237086456879&width=640&height=480&quality=65&catalogname=catalog&zoom=1.4117647&vfmap.x=446&vfmap.y=83&vfmap.w=62&vfmap.h=13
You won't be able to see the dam as you drive across the bridge, but there will be a pedestrian walkway under the deck where you can look at the dam.

Krases
Mar 15, 2009, 5:49 AM
Does it seem that the exterior for the Octavius tower is taking a long time?
Flickr photo by Ken Lund (http://www.flickr.com/photos/kenlund/3354841859/)

http://farm4.static.flickr.com/3659/3354841859_da0ce685d2_b.jpg

Yes it does. I thought they would close up the interior and put it on hiatus until the market comes back. Then again it could be closed up nicely and we just can't see that from our outside perspective. Seems they should have been done with the exterior though.

You won't be able to see the dam as you drive across the bridge, but there will be a pedestrian walkway under the deck where you can look at the dam.

Thats good. I am glad they are doing that.

RandalR
Mar 15, 2009, 6:57 AM
There's been a mysterious blue neon light the last two nights about half way up the middle of the south face of the Den's west tower. Neglected to take a photo, but I wonder if they're testing trim lights.

Here it is:

http://i48.photobucket.com/albums/f245/RandalR/Las%20Vegas/Cosmopolitan01.jpg

mac78130
Mar 15, 2009, 6:17 PM
:previous: Looks kind of weird. Arquitectonica (http://www.arquitectonica.com/flash.htm) has a rendering that has the same blue lights scattered across the building.

mac78130
Mar 15, 2009, 11:37 PM
Fbleau is supposed to open in Oct. (7 months), I wonder when they are going to start taking reservations? Their website still looks the same from months ago.

Krases
Mar 15, 2009, 11:44 PM
Fbleau is supposed to open in Oct. (7 months), I wonder when they are going to start taking reservations? Their website still looks the same from months ago.

I am still wondering if they will have some sort of giant screen on the side like in that one picture you posted on page 310.

I doubt it is going to be a giant screen, but a huge projector of sorts isn't entirely out of the question.

mac78130
Mar 16, 2009, 12:03 AM
I am still wondering if they will have some sort of giant screen on the side like in that one picture you posted on page 310.

I doubt it is going to be a giant screen, but a huge projector of sorts isn't entirely out of the question.

I think that picture is overly exaggerated. I just see LED lights on the upper half of the building and regular up lighting on the lower half. A projector would be cool, but wouldn't that bug the people in the rooms?

mdiederi
Mar 16, 2009, 2:42 AM
:previous: Looks kind of weird. Arquitectonica (http://www.arquitectonica.com/flash.htm) has a rendering that has the same blue lights scattered across the building.
I extracted it.

http://img.photobucket.com/albums/v120/mdiederi/buildings/Cosmopolitan/DenLights.jpg
http://www.arquitectonica.com/flash.htm

mac78130
Mar 16, 2009, 2:57 AM
I extracted it.

http://img.photobucket.com/albums/v120/mdiederi/buildings/Cosmopolitan/DenLights.jpg
http://www.arquitectonica.com/flash.htm

With that type of lighting it should look pretty cool :cool:

WonderlandPark
Mar 16, 2009, 3:20 AM
I noticed FB has started advertising in the LA papers, and that was a few weeks ago.

Krases
Mar 16, 2009, 4:44 AM
I think that picture is overly exaggerated. I just see LED lights on the upper half of the building and regular up lighting on the lower half. A projector would be cool, but wouldn't that bug the people in the rooms?

Well it depends on what angle the projection is cast. If you fire it head on like in a movie theater, then its going to go right into peoples rooms. But if you fire it at an angle then all people see is a little beam of light around the window which doesn't really bother people. ALLOW ME TO DEMONSTRATE WITH MY MAD MS PAINT SKILLZ! Make sense?

http://img8.imageshack.us/img8/7128/projection1.png (http://img8.imageshack.us/my.php?image=projection1.png)

mac78130
Mar 16, 2009, 5:03 AM
Krases good work with your MAD MS PAINT SKILLZ, lol ! Hopefully they will start testing lighting soon.


Cosmopolitan Beach Tower stands proud, while the Harmon sits like a bump on a long.
flickr photo by E l r e w (http://www.flickr.com/photos/48623286@N00/3359117022/in/dateposted/)

http://farm4.static.flickr.com/3654/3359117022_8d4261831d_b.jpg

Krases
Mar 16, 2009, 5:13 AM
I guess it could be worse, they could have ended the Harmon at 14 stories and tried to pass it off as part of the Crystals. At least they will approach 30.

lfc4life
Mar 16, 2009, 2:15 PM
the beach tower crown is very large, i wonder are they having something in it, like a restaurant or a club??

neworleans
Mar 16, 2009, 3:04 PM
the beach tower crown is very large, i wonder are they having something in it, like a restaurant or a club??

i believe it's for the sign that will be put on the front of it

CharoogAjram
Mar 16, 2009, 11:04 PM
Krases good work with your MAD MS PAINT SKILLZ, lol ! Hopefully they will start testing lighting soon.


Cosmopolitan Beach Tower stands proud, while the Harmon sits like a bump on a long.
flickr photo by E l r e w (http://www.flickr.com/photos/48623286@N00/3359117022/in/dateposted/)

http://farm4.static.flickr.com/3654/3359117022_8d4261831d_b.jpg

Its so sad that poor Monte Carlo is blocked by the Mandarin Oriental.
No wonder MGM wants to sell it. It's completely blocked, and un-noticed due to CC.

CHAPINM1
Mar 16, 2009, 11:30 PM
I will say the above picture really seperates the Mandrian Oriental from the rest, making one left to appreciate it even more!

neworleans
Mar 17, 2009, 12:02 AM
where are people getting this idea that mgm wants to sell the monte carlo?

why would mgm want to sell it?... because it's not as profitable?

just a thought, but a large portion of the city's tourism is people who drive over here from california. So until the new garage opens, there is no place to park at the monte carlo. I used to go there all the time to eat at the food court, but now to get there i'd have to park at NYNY; and then it becomes a long maze just to get to the carlo.

Plus, the carlo and citycenter are practically merged with each other. i mean the people mover connects them, they share the same parking garage, and possibly there will be an entrance to the Cirque du Soleil theater from there too.

tumbleweed
Mar 17, 2009, 1:04 AM
where are people getting this idea that mgm wants to sell the monte carlo?

why would mgm want to sell it?... because it's not as profitable?

just a thought, but a large portion of the city's tourism is people who drive over here from california. So until the new garage opens, there is no place to park at the monte carlo. I used to go there all the time to eat at the food court, but now to get there i'd have to park at NYNY; and then it becomes a long maze just to get to the carlo.

Plus, the carlo and citycenter are practically merged with each other. i mean the people mover connects them, they share the same parking garage, and possibly there will be an entrance to the Cirque du Soleil theater from there too.

I've been wondering the same thing... I would think Monte Carlo and Bellagio are the last on the list they'd want to get rid of considering they are basically part of CityCenter sharing garages, people mover, etc.
My best guess is that they'd be more interested in selling land whether it is the land near CircusCircus or in Atlantic City before they dump an operating casino.

DMaldon762
Mar 17, 2009, 1:29 AM
Another casino "break up"!!!

http://www.huffingtonpost.com/2009/03/11/billionaire-steve-wynn-wi_n_173883.html

Krases
Mar 17, 2009, 2:06 AM
http://news.yahoo.com/s/nm/20090314/bs_nm/us_mgm_breakup_wsj

This was posted earlier. Basically every single MGM property can be sold for the right price.

http://www.vegastripping.com/news/news.php?news_id=2558

The Monte Carlo is likely to be sold to the company that was going to get a big chunk of the Harmon's rooms.

Veerish
Mar 17, 2009, 2:37 AM
and the hits just keep on coming...

http://www.bloomberg.com/apps/news?pid=20601103&sid=a3iPQbw_rXII&refer=us

mac78130
Mar 17, 2009, 3:01 AM
Let's see what MGM Mirage has to say tomorrow. They're supposed to release their fourth quarter and 2008 results after the closing of the market. Maybe they will end all the speculations and rumors.

voice of reason
Mar 17, 2009, 4:59 AM
MGM has two huge problems:

1. If they sell a property, who are they going to sell it to? None of the other gaming companies are willing or able to come up with a decent price.



I still think this is true.

Neither Penn, Wynn, Maloof nor Ruffin are going to pay enough to help dig MGM out of their huge financial hole.

It is either BK or a fire sale on numerous properties. The sharks smell blood and are circling. MGM is soon to become a penny stock.

mdiederi
Mar 17, 2009, 5:15 AM
I think the last floor of blue glass is done on the Font.

mac78130
Mar 17, 2009, 1:05 PM
I think the last floor of blue glass is done on the Font.

Can't really tell from this pic. taken 3/15. Maybe one more floor to go.
flickr photo by colin w saunders (http://www.flickr.com/photos/12701451@N06/3362292070/)

http://farm4.static.flickr.com/3537/3362292070_8ff6d1edaa_b.jpg

DMaldon762
Mar 17, 2009, 1:37 PM
WOW. That FB Garage is taller that The Riv.

lfc4life
Mar 17, 2009, 2:46 PM
My best guess is that they'd be more interested in selling land whether it is the land near CircusCircus or in Atlantic City before they dump an operating casino.

i can't see many been that interested in buying land atm considering it would take another 5 years to put a casino on that land

anybody think mgm will do a "boyd" this evening and announce the complete delay/postponement of city center until the market rebounds, i really hope this doesn't happen but i have a strong feeling it will :(

mdiederi
Mar 17, 2009, 2:50 PM
Can't really tell from this pic. taken 3/15. Maybe one more floor to go.

I drove by yesterday and it looks like that next floor is part of the crown.

RandalR
Mar 17, 2009, 4:00 PM
anybody think mgm will do a "boyd" this evening and announce the complete delay/postponement of city center until the market rebounds, i really hope this doesn't happen but i have a strong feeling it will :(

I don't think they can afford the PR hit. Boyd could get away that with Echelon, but I think MGM will have to shut down or sell everything else they own before giving up on CityCenter.

They might indefinitely postpone opening the Crystals Mall, though, as retail tenants who can afford the rent are going to be extremely hard to come by. I understand Fontainebleau is not going to have any of the planned retail available when it opens.

mac78130
Mar 17, 2009, 6:51 PM
I don't think they can afford the PR hit. Boyd could get away that with Echelon, but I think MGM will have to shut down or sell everything else they own before giving up on CityCenter.

They might indefinitely postpone opening the Crystals Mall, though, as retail tenants who can afford the rent are going to be extremely hard to come by. I understand Fontainebleau is not going to have any of the planned retail available when it opens.

I don't see them postponing the Crystals. They have tenants renting spaces that are actually larger than their flagship stores.

DMaldon762
Mar 17, 2009, 7:57 PM
Won't Crystals be the pedestrian entrance to Aria's Casino?

mac78130
Mar 17, 2009, 9:08 PM
MGM Mirage finally released their annual report.

RandalR
Mar 17, 2009, 9:30 PM
I drove by yesterday and it looks like that next floor is part of the crown.

It is. The next level is a rounded version of that HVAC/electrical utility level in the middle with the aluminum panels, then the crown's windows. The blue glass levels are done.

mac78130
Mar 17, 2009, 10:24 PM
Mandarin Oriental, Veer and Crystals opening Dec 3. Aria still on schedule for Dec. 16.

justdefended
Mar 17, 2009, 10:25 PM
I don't see them postponing the Crystals. They have tenants renting spaces that are actually larger than their flagship stores.

I agree. I think the luxury retailers would rather close other locations than take away their prime spot at Crystals.

Well, MGM managed to get a three-month delay on their bond debt to May 2009. That'll buy them time to work another deal to reduce debt.

Keeping CityCenter on schedule is a smart move. It may be opening in a soft market, but MGM is more than ready with new product when the economy is on the upswing.

mac78130
Mar 17, 2009, 10:28 PM
I agree. I think the luxury retailers would rather close other locations than take away their prime spot at Crystals.

Well, MGM managed to get a three-month delay on their bond debt to May 2009. That'll buy them time to work another deal to reduce debt.

Keeping CityCenter on schedule is a smart move. It may be opening in a soft market, but MGM is more than ready with new product when the economy is on the upswing.

Conference call mentioned the Crystals will be booked 65-70% for opening.

justdefended
Mar 17, 2009, 11:57 PM
Conference call mentioned the Crystals will be booked 65-70% for opening.

Nice. That's actually not bad considering the huge retail slump we're in. I know that the Louis Vuitton store will be a two-story flagship location, in addition to the two-level Tiffany Co. store.

I'm guessing at this time retailers are starting to outfit their stores since the exterior is pretty much enclosed.

mac78130
Mar 18, 2009, 12:38 AM
MGM said sell of TI will close in a week or two instead of closing in the second quarter.

Krases
Mar 18, 2009, 4:16 AM
Ok guys, this might be a bit off subject but I want to play a game of "what if you were a Vegas tycoon".

Lets say you are a hotel/condo/casino company who wants piece of the strip. What would you do if your company had:

A). 1 billion dollars?
B). 5 billion dollars?
C). 10 billion dollars?

For option A I would buy the Circus Circus for around 500 million and use the remaining 500 million to buy up all of the MGM land connected with it like the land at Sahara and LVB. That way I would have semi-strip front property with plenty of room for expansion when the economy gets better.

For option B I would take a shot at Tropicana and buy it for maybe 1.3 billion before spending 2.5 billion on major upgrades including new towers. That would leave enough left over to also possibly buy a decent chunk of land for a future resort around the Blue Diamond i-15 exit and the southern part of LVB.

For option A I would grab the Echelon site and continue construction. That would maybe cost me around 7 billion. If I had enough left over I would also buy the land were the Frontier was and when the economy picks up/I start getting new revenue I would eventually expand Echelon onto the Frontier site with another huge project.

patrick84
Mar 18, 2009, 1:13 PM
Nice. That's actually not bad considering the huge retail slump we're in. I know that the Louis Vuitton store will be a two-story flagship location, in addition to the two-level Tiffany Co. store.

I'm guessing at this time retailers are starting to outfit their stores since the exterior is pretty much enclosed.

I would love to see unsuspecting tourists saunter over from Monte Carlo or the Polo Towers confronted with these new, massive, upscale stores... I find it very surprising the high-end nature of the place given how tight peoples' wallets (even those that can afford such extravagances) are these days.
I feel like Bellagio and Wynn's shopping areas work well with high-end retail because they are slightly understated and unimposing. I am afraid Crystals could/will become a bit garish...?

RandalR
Mar 18, 2009, 4:23 PM
First glass on the crown - a translucent white. You could see it lit from behind as they were working on it before dawn. Can't see through it, though, so I guess the east side of the roof isn't going to be a huge outdoor patio, after all. :haha:

Check out the guys in the little crane buckets on the lower left - not a job for anyone with a fear of heights...

http://i48.photobucket.com/albums/f245/RandalR/Las%20Vegas/FBCrownGlass.jpg

mac78130
Mar 18, 2009, 4:33 PM
Cool nice pic :previous:

Krases
Mar 18, 2009, 11:36 PM
I drove by FB today and tried to get a few glances over while also trying not to get killed on my way to class. I can't see whats in that picture yet, but I think that by this weekend it will stand out a bit more.

mac78130
Mar 19, 2009, 1:08 AM
Nice to see traffic on the strip

http://i544.photobucket.com/albums/hh359/mac78130/citycentertraffic.jpg
http://www.polotowers.com/centerstrip_cam.html

mac78130
Mar 19, 2009, 2:34 AM
There are floorplans and videos of the suites now.

http://vdara.com/suites/

RandalR
Mar 19, 2009, 3:16 AM
Nice to see traffic on the strip


They are working on the intersection of the Strip and Tropicana, so traffic is forced down to one lane southbound in front of New York, New York. That's what the congestion is all about - not more visitors, unfortunately. :(

Krases
Mar 19, 2009, 4:38 AM
They are working on the intersection of the Strip and Tropicana, so traffic is forced down to one lane southbound in front of New York, New York. That's what the congestion is all about - not more visitors, unfortunately. :(

I guess now is actually a great time to do some work on the strip so it doesn't disturb tourists when there actually are huge crowds.

Seva
Mar 19, 2009, 5:55 AM
Performing Arts Center may get started in two months.
http://www.lvrj.com/news/breaking_news/41456047.html

Most of Union Park's street grid have actually been paved by now.

If the City Hall also gets started by then that will be two civic projects downtown underway.





It seems the person who created the MGM signature tower models in google obviously wasn't checking the vegas skyscraper diagrams page. Not that I wouldn't love to have three 750ft towers.

At least it's better than when someone made the Luxor model as a giant cube.
http://i43.tinypic.com/28asuo1.jpg

ScottG
Mar 19, 2009, 11:21 PM
does anyone know what they are doing to the 15 from saharaha to trop? - widening? the center is blocked off and cut up

mdiederi
Mar 19, 2009, 11:49 PM
I heard it's gonna be some sort of high speed lane blocked from the other lanes.

mac78130
Mar 19, 2009, 11:53 PM
Phil Ruffin gets Treasure Island this Friday.

http://www.lasvegassun.com/news/2009/mar/19/mgm-ruffin-treasure-island-changes-hands-friday/

Krases
Mar 20, 2009, 1:17 AM
“It’s going to challenging but it’s going to be great,” Ruffin said.

Hahaha. I wonder what he is going to do with the rest of his cash? He burned 775 million for grabbing TI. He still has 425 million left over. Plus we don't know what type of extra cash he has lying around on top of what he got for the Frontier.

It will be interesting to see what he does.

sw5710
Mar 20, 2009, 1:35 AM
Performing Arts Center may get started in two months.
http://www.lvrj.com/news/breaking_news/41456047.html

Most of Union Park's street grid have actually been paved by now.

If the City Hall also gets started by then that will be two civic projects downtown underway.





It seems the person who created the MGM signature tower models in google obviously wasn't checking the vegas skyscraper diagrams page. Not that I wouldn't love to have three 750ft towers.

At least it's better than when someone made the Luxor model as a giant cube.
http://i43.tinypic.com/28asuo1.jpg

And the Stratosphere tower is not 1325ft? It's 1149ft!