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MGM Could Implode Unopened CityCenter Hotel in Las Vegas

Publication Date: 11/15/2010
Author: Tony Illia
Format: HTML

Description:
The still unopened Harmon Hotel, a 27-story centerpiece of the now financially hemorrhaging CityCenter development in Las Vegas, is being targeted for demolition. MGM Resorts International, owner of the troubled 67-acre complex that includes the hotel designed by U.K. “starchitect” Sir Norman Foster, recently unveiled plans to raze it. MGM took a $279-million write-down in the third quarter on the building, which sits dormant with a sign wrapped around its gleaming glass façade for the resort’s “Viva Elvis” show. Harmon may be the world’s most expensive billboard.

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