Showing posts with label Harmon Hotel. Show all posts
Showing posts with label Harmon Hotel. Show all posts
Wednesday, November 17, 2010
City Center Las Vegas Continues to be Plagued by Problems
According to MGM Grand's third quarter financial filing report, the Harmon Hotel in City Center will likely never open. The last building to be opened in the massive project, the property was originally designed to be a boutique non gaming facility in the heart of City Center. Unfortunately, in 2008 MGM Grand was ordered by inspectors to reduce the size and scope of the project due to structural and construction problems. MGM Grand went ahead with construction plans to open the hotel as a 400 room property, but after recording a $279 million fine due to the problems it now seems to be a far-fetched idea the hotel will even see a customer before 2012. Discussions have now centered on if the current building can even continue to be utilized or if it will benefit MGM Grand to consider demolishing and starting over....an idea that many believe MGM's financial woes can't handle.
Subscribe to:
Posts (Atom)