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.
.jpg "How Comms Guru & Founder Of The PR Net Lisa Smith Put Her Stylish Stamp On The Industry")
.jpg "Who Are The Assoulines? Meet The Chic First Family Of Luxury Publishing")
.jpg "Who Is Nats Getty? The Oil Heir & Trans Activist Is Living Life Loud & Proud")
.jpg "Worldly Socialite Haya Maraka's Elegant Etiquette Tips For The Modern Lady")
.jpg "Haute Hostess Christine Chiu's Guide To Throwing The Most Fabulous Fête")
