tag:blogger.com,1999:blog-8841356013250880291.post13697114302733854..comments2024-03-15T17:03:45.018-07:00Comments on Las Vegas Blog: Steve Friess' VEGAS HAPPENS HERE: How Much Does CityCenter Cost? Nobody Seems To KnowTHE STRIP PODCASThttp://www.blogger.com/profile/03593322167326380577noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8841356013250880291.post-79781034620742059912009-01-09T06:15:00.000-08:002009-01-09T06:15:00.000-08:00I remember sitting down with an AVP at a former jo...I remember sitting down with an AVP at a former job with the legal sale documents on a project to calculate the acreage. We used all our fingers and ties and those fancy calculator things and found the exact number.<BR/><BR/>Yet 20 more acres were continually added on by the president because the number sounded more impressive. I finally gave up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-29998430453784310732009-01-08T23:22:00.000-08:002009-01-08T23:22:00.000-08:00The main parcel for, and owned as City Center, run...The main parcel for, and owned as City Center, runs from Harmon to part of Rue de Monte Carlo and includes the new parking garage is listed as 61.86 acres. From the MC to LV Blvd it's still owned as Victoria Partners, the LLC formed by MGM Mirage and Mandalay when they built it as a joint venture. The parcel to the north of Harmon for Vdara is 4.63 acres. So 66.49 acres for City Center. Throw in some of the Monte Carlo land since they've been playing on it and I guess you could squeeze out another 10 acres, give or take. <BR/><BR/>Except for small lots of < 1 acre CVS, about 5 acres each for Cosmo and Jockey Club, and the 1.62 acre Bellagio leased skinny sliver next to that, and the < 1 acre leased for the Bellagio sign and exit drive, MGM owns everything else between Flamingo and Trop, and Frank Sinatra to LV Blvd. under one entity or another. So I guess it's pretty much their sandbox, they can call it how they like. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-26782425772293179122009-01-08T21:11:00.000-08:002009-01-08T21:11:00.000-08:00Anon - fair enough. I stand corrected. I was worki...Anon - fair enough. I stand corrected. I was working a little quickly this morning and i had it in my head that i was announced around the time of Katrina (Sept 2005) because I remember a really obnoxious Brian Unger commentary on NPR about the comparison between rebuilding New Orleans and building CityCenter. But now I think maybe that was the groundbreaking?THE STRIP PODCASThttps://www.blogger.com/profile/03593322167326380577noreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-22262350342498511392009-01-08T16:27:00.000-08:002009-01-08T16:27:00.000-08:00"Your post" I meant to type. Damn Clark County edu..."Your post" I meant to type. Damn Clark County education shows through again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-75497640716123709972009-01-08T16:26:00.000-08:002009-01-08T16:26:00.000-08:00Steve,You're mistaken on a couple of facts here. C...Steve,<BR/><BR/>You're mistaken on a couple of facts here. CityCenter was announced in November 2004, nearly a full year before you're post says. <BR/><BR/>Likewise, the R-J stories that ran on Nov. 10-11, 2004 cited the initial cost as $3 billion to $4 billion. It seems that MGM Mirage wasn't sure what the price would be from Day One.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-32342081726559531932009-01-08T12:52:00.000-08:002009-01-08T12:52:00.000-08:00The land behind Monte Carlo and New York New York ...The land behind Monte Carlo and New York New York are included, right? I know the old models used to include "future condo towers" in the overall design of CityCenter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-35066070889250303412009-01-08T10:32:00.000-08:002009-01-08T10:32:00.000-08:00jeff, i agree, but i also think that the media par...jeff, i agree, but i also think that the media parroting different figures can get confusing and distracting for people. I mean, it's not my land OR my money, but I still like to know that someone knows what's what.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-33874866308531432222009-01-08T10:30:00.000-08:002009-01-08T10:30:00.000-08:00I think the land is part of a much larger parcel. ...I think the land is part of a much larger parcel. Except for taxation, ownership, or loan issues (Of which I think no issues exist), it doesn't really how many acres CityCenter is. One guy may include the Monte Carlo parking lot and one may not, etc.<BR/><BR/>Jeff in OKCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-36675093166573265352009-01-08T09:36:00.001-08:002009-01-08T09:36:00.001-08:00Nice. They still don't know how many acres CityCen...Nice. <BR/><BR/>They <I>still</I> don't know how many acres CityCenter is. The most recent fact sheet said 67 acres. Way to stay consistent, MGM Mirage!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8841356013250880291.post-67783917483826610902009-01-08T09:36:00.000-08:002009-01-08T09:36:00.000-08:00Nice. They still don't know how many acres CityCen...Nice. <BR/><BR/>They <I>still</I> don't know how many acres CityCenter is. The most recent fact sheet said 67 acres. Way to stay consistent, MGM Mirage!Anonymousnoreply@blogger.com