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Las Vegas rebound riding on $8.5B CityCenter


Moronzilla
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There was something on TV this weekend about it. That place looks insane. They said the place was 12 billion dollars.

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That is one whale of a "if you build it, they will come" gamble. It seems to buck the thematic trend of Wynn, Paris, Belagio, etc. which in the past seemed to entice vistors as a new and "exotic" experience. This project just seems to be Dubai big for the sake of being big. Meh, I don't get it.

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It is going to be a long time before Vegas rebounds especially real estate.

:iamwithstupid:

 

that being said i think city center looks very cool, (the finished model)

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looks great! i just think the timing is off...

when is the grand opening?

its suppose to start opening in phases December 9th is suppose to be the the opening date of the "main" hotel and i think the first phase

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Ben and others who live there will comment, but in real life they are horrible eyesores, being far too tall and too smashed together to match the other attractions on the strip. Should never have been approved.

 

And godforbid you live within the complex, getting in and out of how they've jam-packed the residential and hotel buildings is nightmarish.

 

Will fail miserably, and become a permanent monument to the real estate speculation bubble.

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Guest SP-superJay
The City Center looks gorgeous, but I worry about the build quality. I think it's suspect.

 

I do too...it looks as though it's being built in a rush, and that was my first thought when reading the article in the LA Times. Other than that it appears the design team, and engineers flew all over the world to soak in each city's nightlife to fully incorporate it into this center. It'll definitely be interesting to see how this plays in the economy. Some say it isnt the right time to build such a goliath, and I believe that as well, but it can also offer a lot of jobs to people, and it gives people something to be excited about. I think possibly the only way to pull us out of this "recession" is for people to start spending.

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Some say it isnt the right time to build such a goliath, and I believe that as well, but it can also offer a lot of jobs to people, and it gives people something to be excited about. I think possibly the only way to pull us out of this "recession" is for people to start spending.

 

sorry to disagree but its savings that ends recessions not spending !

 

 

The Paradox of Thrift: RIP: http://www.cato.org/pubs/journal/cj16n1-7.html

Hayek on the Paradox of Saving: http://mises.org/daily/2804

Is Deleveraging Bad for the Economy?: http://mises.org/daily/3064

Savings Is Not Just a Good Thing: http://mises.org/daily/3445

CNBC Hates Saving: http://mises.org/daily/3542

The One Minute Case Against Consumptionism: http://oneminute.rationalmind.net/consumptionism

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I wouldn't mind having a unit in the Veer towers. The City Center looks gorgeous, but I worry about the build quality. I think it's suspect.

 

Are the entire building structures themselves finished? Or are they just opening a couple while the others are still being built. If they finished it between the last time I was there when it looked like a bunch of scaffolding and now, then I'd definitely be concerned about the build quality.

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Guest SP-superJay
sorry to disagree but its savings that ends recessions not spending !

 

 

The Paradox of Thrift: RIP: http://www.cato.org/pubs/journal/cj16n1-7.html

Hayek on the Paradox of Saving: http://mises.org/daily/2804

Is Deleveraging Bad for the Economy?: http://mises.org/daily/3064

Savings Is Not Just a Good Thing: http://mises.org/daily/3445

CNBC Hates Saving: http://mises.org/daily/3542

The One Minute Case Against Consumptionism: http://oneminute.rationalmind.net/consumptionism

 

Perhaps, but I'm not talking about borrowing money to purchase. I'm talking about every average American. Not spending every cent they make, that would just be stupid, but if all they do is save then their money is stagnant, and that doesnt help the economy at all. I can see how this is a big gamble considering the people who invested in this City Center project probably aren't using their own cash flow, and if it indeed fails it could come crashing down...yes I understand that. But if it flourishes, helps people get jobs, and entices people from around the world to spend, then I dont see it as a bad thing. It's VEGAS, it's a gamble nonetheless.

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I think its just a bunch of news about nothing. CityCenter opening will be same as Wynn/Encore/Palazzo/Venetian opening. Its now the newest, it'll have the upscale and the premium, and everything will just adjust.

 

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