$8.5 billion is how much the press reports CityCenter cost to build. That number comes from MGM. I am not the first to point out that $8.5 billion is not an accurate number and can not be. It is an almost arbitrary number with real world significance perhaps only to accountants and tax collectors. My [...]
Don’t hold your breath. MGM Mirage surprised me by meeting today with the governor whose opponent for office the company has prominently endorsed. I wonder what came out of the meeting? According to the AP story running on the Sun site the news is great: “Casino operator MGM Mirage is pledging to quickly pay some [...]
I had some particularly scathing things to say this morning about Perini vs. MGM Mirage. But a filling deserted my mouth and so I am reduced to a whimpering victim until I am repaired at 1:30. So, here are scattered thoughts produced and delivered in pain: One interesting thing to look at is who owes [...]
The Facebook group “Citizens Holding MGM Accountable” has begun to issue forth propaganda from very sympathetic subcontractors. Giroux Glass President Anne-Merelie Murrell tells her story above. What is interesting to me is her acknowledgment that a great deal of her work was done too quickly and without the proper paperwork. She notes that one glass [...]
The document dump on CityCenter’s construction billing dispute I linked to yesterday between MGM Mirage and Perini is a fascinating though very partial glimpse of the acrimonious rift between the two giants that is now on the way to court. Perini’s release hints at events from over a year ago when CityCenter almost fell into bankruptcy, suggests MGM [...]
