CityCenter project has a new partner

The mixed-use development right on the Strip is coming steadily off the ground as we speak. The construction site is full of activity and some of the buildings have already reached up to about 20 stories. It will include several hotels, 2,650 high-rise condominiums, a casino and a huge retail, dining and entertainment venue. The cost of this massive undertaking is pegged at $7.9 billion and it's expected to open late in 2009.

MGM Mirage, the owner of the project, has decided at this stage to sell half of it to Dubai World, a holding company for the state of Dubai. This is another joint venture for MGM Mirage, something that has lately become its preferred investment strategy. Please click on the link in this paragraph to read the entire article.