Video-Cosmopolitan Las Vegas High Rise Condo Update 10-17-10

Check out the latest video that I published about the latest happenings with the Cosmopolitan High Rise Condo development here in Las Vegas. Things have been gearing up with the Cosmopolitan since the end of summer in preparation for the soft opening in December. The Cosmopolitan has had many challenges since it was first began construction almost 5 years ago. Since falling victim to foreclosure the Cosmopolitan has been under allot of pressure from potential buyers who have chosen not to join the lawsuit which was seeking deposit money to be returned to potential buyers. Check out what the latest news with the Cosmopolitan is and don’t forget to rate and share this video with your friends on face book or twitter.

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Video Update-MGM City Cneter

The drama surrounding the financially troubled City Center project has thickened, with a major investor interested in the $8.7 billion project and MGM Mirage disclosing a contingency plan should City Center seek bankruptcy protection.

In a regulatory filing today, MGM Mirage said its bank lenders have allowed the company to earmark up to $20 million for expenses "necessary to ensure public health, safety and welfare or regulatory compliance in connection with City Center Holdings."

A source close to MGM Mirage, who declined to be identified, said the safety fund isn't an indication that a bankruptcy filing is imminent for CityCenter. However, the source said the fund would allow for a pause in construction should the CityCenter partnership need to seek bankruptcy protection. Read The Full Article Here

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