Showing posts with label CityCenter. Show all posts
Showing posts with label CityCenter. Show all posts

Wednesday, April 15, 2009

Vegas Traffic a Nightmare

Spent three days this afternoon navigating the nightmare traffic east of downtown. Every street is under construction or being widened or is just too backed up with traffic. Seems like traffic east of town is far worst than west of town, so I intend to avoid the area north and east of UNLV.

There's also construction near downtown and of course the area around CityCenter is horrible. For a city that's crumbling beneath the boulder of an economic depression and shrinking tourism base, it seems like a lot of people still live here. Why don't some of you people move to Laughlin?
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There's an outside chance that CityCenter will halt construction, putting thousands more out of work. Oh joy. What a mess that would be. That's why the powers-in-charge are doing their best to keep the payments coming so construction on the megabillion dollar complex will continue. Dubai World, half owner of the monster, is balking on the deal and causing MGM Mirage all kinds of fits. Will MGM and Dubai work out their differences and see CityCenter completed next fall? Some say it's doubtful, given the current economic mess. But MGM Mirage seems empowered to move ahead and feels Dubai World will eventually come around.

There's so much at stake, I'm sure the deal will get done between these two behemoths. A lot strutting and pawing will commence during negotiations, but both sides will eventually cave in and come to an agreement, each side claiming its own victory. Should CityCenter shut down, it'll become the largest casino property for rats and homeless people in the country.

We May Be in for a Perfect Storm of Home "Unaffordability".

I recently read about celebrity real estate agent Mauricio Umansky, who raised concerns about the "perfect storm of total unaffordabili...