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The Next Project to Stall Could Be Massive CityCenter

Publication Date: 3/24/2009
Author: Tony Illia
Format: HTML

Description:
Will the deepening recession and skittish lending environment find their next victim in CityCenter? The Las Vegas development faces mounting challenges in reaching completion. The project, touted as the nation's largest privately funded development, has been trying unsuccessfully for months to secure a $1.2-billion loan needed to finance the final leg of construction. Majority Leader Sen. Harry Reid (D-Nev.) and Sen. John Ensign (R-Nev.) have reportedly made calls to banks on the project's behalf.

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