with the $7 billion Urban Metropolis - Project CityCenter
|LAS VEGAS, June 26, 2006 - With more than 10,000 cubic yards of concrete
delivered by convoy, MGM MIRAGE set the foundation today for the transformation
of the Las Vegas Strip. Project CityCenter, an unprecedented $7 billion
urban metropolis, will be defined by spectacular architecture, renowned
for premier experiences and unrivaled as the address to live and live it
A design collaboration between MGM MIRAGE (NYSE: MGM - News) and six internationally acclaimed architects, CityCenter opens in 2009 on 66 acres between Bellagio and Monte Carlo resorts. At the heart of the action on the Las Vegas Strip, CityCenter will feature a soaring 60-story, 4,000-room hotel/casino; two 400-room, non-gaming hotels; 500,000 square feet of retail shops, dining and entertainment venues; and luxury condominiums.
"This marks a significant milestone in our vision to create a living
experience like none other in Las Vegas," said Terry Lanni, Chairman and
Chief Executive Officer of MGM MIRAGE. "Project CityCenter's stunning contemporary
architecture coupled with its singular collection of amenities will set
this global city apart as a place not just to visit, but to live."
MGM MIRAGE also announced today three additions to the unrivaled architectural design team assembled to bring the CityCenter vision to reality. Studio Daniel Libeskind, Murphy/Jahn Architects and Rockwell Group have been selected to join CityCenter's celebrated and world-class design and architecture team. These firms will give shape to the project's pulse-setting retail/residential component: a modern urban residential district rich with high-end shops, gourmet restaurants and unique pedestrian environments.
"The addition of Studio Daniel Libeskind, Murphy/Jahn and Rockwell Group
-- architectural firms acclaimed for their remarkable global portfolios
-- appropriately round out a design team with the credentials to shape
the future look of Las Vegas and set the benchmark for new growth in this
city and beyond," said Robert Baldwin, President and CEO of Mirage Resorts,
Inc., an operating division of MGM MIRAGE.
Project CityCenter's residential Presentation Center will open in January 2007.
Charting a new course for responsible growth in Las Vegas, MGM MIRAGE is pursuing the U.S. Green Building Council's Leadership In Energy and Environmental Design (LEED) certification at Project CityCenter. The 18-million-square foot, multi-use project will incorporate a variety of elements -- from the use of reclaimed water to on-site power generation -- to make it one of the world's largest environmentally sustainable urban communities.
"Designing Project CityCenter with sustainable elements and practices reinforces its permanence and creates a healthier environment for our future tenants and guests, as well as for the 12,000 people who will ultimately work at Project CityCenter," Baldwin said.
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|Also See:||Architect Cesar Pelli Selected to Design the 4,000 room Hotel-casino for MGM Mirage's $4.7 billion Project CityCenter / April 2005|
|The Mandarin Oriental Hotel Group Will Manage the Hotel Anchor at MGM Mirage's $5 billion CityCenter Project on Las Vegas Strip / September 2005|