Luxury hotel tower construction stops as necessary redesign begins. Workers stopped interior work this week on the west tower Cosmopolitan high rise condo tower located on the Las Vegas Strip.
Exterior construction on the east and west towers, amenities and Las Vegas casino are continuing as planned. At completion, the 8.5 acres, will house 2,998 hotel condo units within Cosmoplitan.
Purchase of Treasure Island Las Vegas hotel for $775 million approved by the Gaming Control Board. The Board didn’t take long to ok the real estate transaction by Phil Ruffin. Final ruling will commence on March 19, 2009 and 11 days later it will close with approval.
Terms for the commercial real estate deal will start with $500 million due to MGM Mirage at closing. Another $100 million will be payable in six months. Finally, $175 million balance due in two years with a 10 percent interest rate.
Newest $1 billion resort opened to huge crowds at M Resort Las Vegas on March 1, 2009. Commercial real estate developer Anthony Marnell III opened the 390-room M Resort at 10 p.m. with plenty of fanfare and press.
Calendar of Conventions in Las Vegas Nevada Hotels
Las Vegas Convention Schedule For March 17 - 23 2009