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Project CityCenter: Boardwalk to Close In March 2006
MGM Mirage announced plans Tuesday for a multibillion-dollar "urban metropolis" consisting of hotels and condominium towers that will be built at the site of its aging Boardwalk casino on the Strip over the next several years.
"Project CityCenter," with an emphasis on living spaces and other nongambling features, is billed as a departure from the usual adult playground. It will be built in phases starting in 2006 on 66 acres that include the Boardwalk, which sits between the Monte Carlo and Bellagio resorts. The first phase, expected to take 42 months to build and opening in 2010, will consist of a 4,000-room hotel with a casino, three "boutique" hotels, 550,000 square feet of retail shops, dining and entertainment venues, 1,650 units of luxury condos as well as "hotel-condominium" units and "private residence clubs."
The Boardwalk property will remain open and operating normally over the next 18 months during which the company will finalize plans for CityCenter.
The 654-room Boardwalk would close sometime after the 18-month mark, in May 2006.
[ Boom! - Ed ]

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