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May 25, 2009 at 11:30 AM #406039May 25, 2009 at 11:33 AM #405354
afx114
ParticipantVegas aficionado here. It’s going to get even worse for Vegas in December when City Center comes on line with 2,650 new condos and 4,800 hotel rooms. It is the largest privately financed development in the US with a total cost of $11 billion (wtf?!). The project almost came to a halt a few months ago when Dubai World sued over a $200 mil financing dispute. MGM had to sell the Treasure Island Resort for $775 million to raise money to complete it. Now the project is back on track. Good thing because it would have been a massive skeleton of Blade Runner sci-fi otherwise. Then right after that Fontainebleau comes on line with its 3,889 rooms.
Adding 8,000+ rooms when the city is having trouble filling its existing ones? Supply, meet demand.
These were the mega-resorts planned and financed right at the peak of the bubble when “growth would continue forever” and all of the douchebags invaded and got drunk off their $800 bottle service and $90 buffets. Vegas is and was the perfect microcosm of the excess of the past decade.
Hopefully this returns Vegas back to the cheap little getaway it used to be with its $1.99 steak & lobster dinner, 3:2 Blackjack, $29/night room rates, and quality customer service. All of that was thrown out the window over the past 10 years, and I have a feeling that Vegas is going to need to bring it all back in order to survive.
May 25, 2009 at 11:33 AM #405601ParticipantVegas aficionado here. It’s going to get even worse for Vegas in December when City Center comes on line with 2,650 new condos and 4,800 hotel rooms. It is the largest privately financed development in the US with a total cost of $11 billion (wtf?!). The project almost came to a halt a few months ago when Dubai World sued over a $200 mil financing dispute. MGM had to sell the Treasure Island Resort for $775 million to raise money to complete it. Now the project is back on track. Good thing because it would have been a massive skeleton of Blade Runner sci-fi otherwise. Then right after that Fontainebleau comes on line with its 3,889 rooms.
Adding 8,000+ rooms when the city is having trouble filling its existing ones? Supply, meet demand.
These were the mega-resorts planned and financed right at the peak of the bubble when “growth would continue forever” and all of the douchebags invaded and got drunk off their $800 bottle service and $90 buffets. Vegas is and was the perfect microcosm of the excess of the past decade.
Hopefully this returns Vegas back to the cheap little getaway it used to be with its $1.99 steak & lobster dinner, 3:2 Blackjack, $29/night room rates, and quality customer service. All of that was thrown out the window over the past 10 years, and I have a feeling that Vegas is going to need to bring it all back in order to survive.
May 25, 2009 at 11:33 AM #405842ParticipantVegas aficionado here. It’s going to get even worse for Vegas in December when City Center comes on line with 2,650 new condos and 4,800 hotel rooms. It is the largest privately financed development in the US with a total cost of $11 billion (wtf?!). The project almost came to a halt a few months ago when Dubai World sued over a $200 mil financing dispute. MGM had to sell the Treasure Island Resort for $775 million to raise money to complete it. Now the project is back on track. Good thing because it would have been a massive skeleton of Blade Runner sci-fi otherwise. Then right after that Fontainebleau comes on line with its 3,889 rooms.
Adding 8,000+ rooms when the city is having trouble filling its existing ones? Supply, meet demand.
These were the mega-resorts planned and financed right at the peak of the bubble when “growth would continue forever” and all of the douchebags invaded and got drunk off their $800 bottle service and $90 buffets. Vegas is and was the perfect microcosm of the excess of the past decade.
Hopefully this returns Vegas back to the cheap little getaway it used to be with its $1.99 steak & lobster dinner, 3:2 Blackjack, $29/night room rates, and quality customer service. All of that was thrown out the window over the past 10 years, and I have a feeling that Vegas is going to need to bring it all back in order to survive.
May 25, 2009 at 11:33 AM #405902ParticipantVegas aficionado here. It’s going to get even worse for Vegas in December when City Center comes on line with 2,650 new condos and 4,800 hotel rooms. It is the largest privately financed development in the US with a total cost of $11 billion (wtf?!). The project almost came to a halt a few months ago when Dubai World sued over a $200 mil financing dispute. MGM had to sell the Treasure Island Resort for $775 million to raise money to complete it. Now the project is back on track. Good thing because it would have been a massive skeleton of Blade Runner sci-fi otherwise. Then right after that Fontainebleau comes on line with its 3,889 rooms.
Adding 8,000+ rooms when the city is having trouble filling its existing ones? Supply, meet demand.
These were the mega-resorts planned and financed right at the peak of the bubble when “growth would continue forever” and all of the douchebags invaded and got drunk off their $800 bottle service and $90 buffets. Vegas is and was the perfect microcosm of the excess of the past decade.
Hopefully this returns Vegas back to the cheap little getaway it used to be with its $1.99 steak & lobster dinner, 3:2 Blackjack, $29/night room rates, and quality customer service. All of that was thrown out the window over the past 10 years, and I have a feeling that Vegas is going to need to bring it all back in order to survive.
May 25, 2009 at 11:33 AM #406049ParticipantVegas aficionado here. It’s going to get even worse for Vegas in December when City Center comes on line with 2,650 new condos and 4,800 hotel rooms. It is the largest privately financed development in the US with a total cost of $11 billion (wtf?!). The project almost came to a halt a few months ago when Dubai World sued over a $200 mil financing dispute. MGM had to sell the Treasure Island Resort for $775 million to raise money to complete it. Now the project is back on track. Good thing because it would have been a massive skeleton of Blade Runner sci-fi otherwise. Then right after that Fontainebleau comes on line with its 3,889 rooms.
Adding 8,000+ rooms when the city is having trouble filling its existing ones? Supply, meet demand.
These were the mega-resorts planned and financed right at the peak of the bubble when “growth would continue forever” and all of the douchebags invaded and got drunk off their $800 bottle service and $90 buffets. Vegas is and was the perfect microcosm of the excess of the past decade.
Hopefully this returns Vegas back to the cheap little getaway it used to be with its $1.99 steak & lobster dinner, 3:2 Blackjack, $29/night room rates, and quality customer service. All of that was thrown out the window over the past 10 years, and I have a feeling that Vegas is going to need to bring it all back in order to survive.
May 25, 2009 at 11:35 AM #405359Anonymous
GuestThe girl who did the interviews for this story is currently in jail in North Korea.
May 25, 2009 at 11:35 AM #405606GuestThe girl who did the interviews for this story is currently in jail in North Korea.
May 25, 2009 at 11:35 AM #405847GuestThe girl who did the interviews for this story is currently in jail in North Korea.
May 25, 2009 at 11:35 AM #405907GuestThe girl who did the interviews for this story is currently in jail in North Korea.
May 25, 2009 at 11:35 AM #406054GuestThe girl who did the interviews for this story is currently in jail in North Korea.
May 25, 2009 at 12:22 PM #405374teacherSD
Participant[quote=deadzone]The girl who did the interviews for this story is currently in jail in North Korea.[/quote]
Here’s more info –
http://edition.cnn.com/2009/WORLD/asiapcf/05/14/nkorea.us.journalists.trial/
May 25, 2009 at 12:22 PM #405621Participant[quote=deadzone]The girl who did the interviews for this story is currently in jail in North Korea.[/quote]
Here’s more info –
http://edition.cnn.com/2009/WORLD/asiapcf/05/14/nkorea.us.journalists.trial/
May 25, 2009 at 12:22 PM #405862Participant[quote=deadzone]The girl who did the interviews for this story is currently in jail in North Korea.[/quote]
Here’s more info –
http://edition.cnn.com/2009/WORLD/asiapcf/05/14/nkorea.us.journalists.trial/
May 25, 2009 at 12:22 PM #405922Participant[quote=deadzone]The girl who did the interviews for this story is currently in jail in North Korea.[/quote]
Here’s more info –
http://edition.cnn.com/2009/WORLD/asiapcf/05/14/nkorea.us.journalists.trial/
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