Friday, April 20, 2007

UPDATE 1-MGM Mirage ups size, cost of CityCenter project

(Reuters) - It said the gross construction area of the project has increased by 670,000 square feet, while gross construction costs are now estimated at about $7.4 billion, excluding land costs and pre-opening expenses.

However, MGM Mirage raised its estimate of gross proceeds from the sale of residential units to $2.7 billion from $2.5 billion, making the estimated net cost of the CityCenter development $4.7 billion against the previous estimate of $4.3 billion.


Read more at Reuters.com Bonds News

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