Press Release: Adding to the Playground

by guestofaguest · September 11, 2007


Today the MGM Mirage, Kerzner International, and Istithmar Hotels announced that they have finalized definitive agreements to develop multi-billion dollar Las Vegas Resort. MGM MIRAGE will provide the land (currently valued at $20 million an acre, they will use 40 of the 78 acres they own already on the corner of Las Vegas Boulevard and Sahara Avenue circled in above map), and Kerzner/Istithmar will provide the cash equity. Construction is set to commence in 2009 with a projected 2012 opening, and all involved are "very excited" about the partnership. There's no denying that this will be a fierce trio. We wonder who the next Spears/Lohan will be five years from now that will help to ring in the opening.