THE BASIS POINT

CityCenter Las Vegas: Most Expensive Construction Project In U.S. History

 

This is the new source link for our banner about CityCenter, the mega-project in Las Vegas. The reason is that we just noticed that the CityCenter site we previously linked to hasn’t been updated since July 9, 2009. Perhaps as you read this, it will have been updated, but in case they take the site down or change it, below is an exact excerpt from where we got the stats. Also here’s a story about CityCenter’s opening and the current state of their finances.

CityCenter: The most expensive privately funded construction project in U.S. History.

The first phase of MGM MIRAGE’s CityCenter, a gargantuan, $11+-billion, 68-acre project, is under construction on the Las Vegas Strip between Bellagio and Monte Carlo. Phase two will eventually occupy the space behind and between Monte Carlo and New York New York. The Boardwalk Hotel was demolished along with a few local businesses to make room for this immense project. Harmon Road will meander through CityCenter and cross I-15 via an already completed bridge.

CityCenter will be an ultra modern, urban environment with nicely hidden parking structures. The project will be a mini-city with its own fire station, an on-site power plant, and lots of pedestrian space. CityCenter is aiming to achieve LEED certification for the project as outlined by the U.S. Green Building Council. Las Vegas is one of the leading cities for incorporating green technology.

With its focus on art, The complex will be host to some of the worlds most renowned sculpture artists, including Maya Lin, Jenny Holzer, Claes Oldenburg, Coosje Van Bruggen, Nancy Rubins, Frank Stella, Henry Moore, and Richard Long.

The current inventory (with the respective architect) consists of:

– 4,004-room 61-story ARIA Resort & Casino (Cesar Pelli)
– 165,000-square-foot casino (Pelli)
– 400-room + 227 condos – Mandarin Oriental Hotel/Residences (Pedersen / Tihany)
– 400-room + 207 condos – The Harmon Hotel/Residences (Foster and Partners)
– 1543-unit Vdara Condo/Hotel tower (Rafael Viñoly)
– Twin, 337-unit luxury condo towers Veer (Helmut Jahn)
– 500,000-square-foot retail and entertainment space The Crystals Mall (Daniel Libeskind)
– $40 million worth of modern sculptures and installations by world famous artists
– 225,000 square feet of convention and meeting space
– 900,000 square feet for back-of-house operations
– 2,000-seat theater
– 70,000-square-foot spa
– 7,500-car parking garage
– Fire station
– People movers (trams)
– On-site power plant

CityCenter will have a 1/4-mile Las Vegas Strip frontage. The project’s center will the 61-story ARIA Resort & Casino with 4,000-rooms, designed by world renowned architect Cesar Pelli. There will be plenty of glitz in the form of light shows projected against building facades. Reports from MGM MIRAGE state that a new Cirque du Soleil show, called Elvis, will premiere at the CityCenter Resort on opening day.

8,000 construction workers and 39 cranes will be on site at the peak of construction.
The project will create 12,000 new permanent positions when it opens.

CityCenter is expected to open phase-one in November of 2009 and is currently the single most expensive privately funded project in the western hemisphere. There are yet, no details on phase-two.

 

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