MGM MIRAGE announces that cost to build CityCenter has risen to approx. $9.2 Billion

MGM MIRAGE announces that cost to build CityCenter has risen to approx. $9.2 Billion - Reality Check.

Posted by Aaron Auxier - May 15th, 2008
Categories: Buzz, CityCenter, Construction, On Strip

On March 15th, 2008, it was announced that the cost to build MGM MIRAGE CityCenter on the Las Vegas Strip had risen to $9.2 billion. This number reflects an approx. $2-billion increase from the original price tag. While the media continues to spread doom and gloom, this cost increase is yet another example of how expensive it is to build on the Las Vegas Strip - especially when you’re building what is aiming to become one of the world’s largest eco-friendly, LEED-certified developments.

Those who purchased luxury high-rise condominiums in properties such as Veer Towers, Vdara Condo Hotel, Mandarin Oriental, and The Harmon Residences must be happy. Imagine investing into what you thought was going to be a $7-billion project and then watching that project become an almost $10-billion project, before you even closed escrow.

Rendering of MGM MIRAGE CityCenter on the Las Vegas Strip

MGM MIRAGE CityCenter - Las Vegas Strip

Are you interested in purchasing property at MGM MIRAGE CityCenter?

Learn Questions to Ask a Real Estate Agent Here.

Aaron Auxier, REALTOR®, ABR can be reached at 702-205-1818.
"Hollywood’s Connection to Vegas"®

All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.

Really Simple Syndication

Aaron Auxier - Being a go-to source for the national press has its advantages. Sure, it's fun to shoot the breeze with reporters from CNBC, ABC News, CBS News, and FOX News - the most important part, however, is being consistently recognized as a leader in the Las Vegas luxury real estate market. "The media just seems to love what I do," says Auxier. "I've mixed show business with real estate. It's very exciting."

Aaron created Las Vegas Strip Daily as a resource for those seeking relevant news and information in regards to the Las Vegas Strip condominium market. From unit pricing and inventory updates to openings of über-trendy nightclubs and restaurants; readers can get the latest scoop on the high-rise scene through quick photo updates and easy-to-read blogs.

Having a background in entertainment has well served this Los Angeles native. Known in inner circles as "Hollywood's Connection to Vegas", Aaron is respected for representing high-profile clientele. "Whether it's a celebrity or an athlete, an investor or a family, everyone has the right to proper representation," he says. "As a Las Vegas Real Estate Agent, my goal is to educate and protect the best interests of my clients."

On Strip

CityCenter

Near Strip

Aaron Auxier
REALTOR ®, ABR
Shapiro ® Sher Group
Prudential Americana Group, REALTORS ®
1215 S. Fort Apache, Suite 210
Las Vegas, Nevada 89117
Office Phone (702) 315-0223

Direct Cell (702) 205-1818

An Equal Opportunity Company
Equal Housing Opportunity

Copyright © 2008 Aaron Auxier. All rights reserved.

All information on this website is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.