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02 A CHRISTIAN HOTEL
IN LAS
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2005
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MGM Mirage Inc. announced
last Thursday, February 9th, that it had decided to
increase the size of its planned CityCenter project
on the Las Vegas
Strip.
Pete Allman, of Celebrity
Scene asked Jockey Club Alliance Group's publisher,
entertainer, Troy Cory, if either the Excell
Christian redevelopment project, or the George
Clooney Las Vegas project had anything to do with
MGM's extra $2 billion in
cost?
Cory answer reflected the
statements MGM President James Murren made in
announcing that the cost of the 66-acre development
would "boost MGM's cost to $7 billion. The extra
investment would include more residential space
than planned," he
said.
The 66-acre development
would include more residential space than planned,
MGM President James Murren
said.
"They're higher and we keep
tweaking the unit sizes to hit the sweet spot in
the market," he said of the planned residential
towers.
MGM also has decided to
upgrade the hotel and casino to be designed by
noted architect Cesar Pelli to aim for a "higher
price point" and build a monorail connecting
CityCenter to the nearby Bellagio and Monte Carlo
casinos, he
said.
The project, which would
include a retail complex designed by Daniel
Libeskind and a hotel by Norman Foster, is expected
to start construction in mid-2006. It is due to
open in the fourth quarter of
2009.
After an estimated $2.5
billion in proceeds from the sale of residential
units, the project would have a net cost of $4.5
billion, MGM
said.
MGM previously said the
project would cost about $5 billion. It would be
funded through borrowing, cash flow and potentially
through partnerships and other financing vehicles,
as well as residential proceeds, the company said.
Jackie Robinson, CEO of Las
Vegas Development Management company and associates
Sig Rogich, Carl Lovell, are planning on expanding
God's work in building a Christian Hotel on the Las
Vegas Strip. Excell, the working title, will for
the first time in the history of Las Vegas, cater
to Christian families with Christian
values.
Kenneth Austin, the former
Detroit Pistons basketball star, heads the
Excellence/Jockey Club Alliance Group of California
group, that just recently concluded a deal to take
over the China Expo 2000 Forbidden City
Redevelopment project commenced over ten years ago.
Entertainer, author, Troy Cory-Stubblefield headed
the 1994 China/U.S.A. joint-venture group
established in Beijing. MORE
STORY ABOUT CHINA
EXPO
The Jockey Club located on
the strip next to the Bellagio is the location
being considered. Since 1994 recording artist and
businessman, Troy Cory has worked on this
China/U.S.A. Forebidden City project along with
China Expo 2000. According to Cory, he is pleased
to see God's work unfolding. "There's a new vision
in Las Vegas, one that will attract people from all
walks of life. The property will be a true family
entertainment convention center.
Josie
Cory
Publisher/Editor
TVI Magazine
TVI
Magazine, tviNews.net, YES90, Your Easy Search,
Associated Press, Reuters, BBC, LA Times, NY Times,
VRA's D-Diaries, Industry Press Releases, They Said
It and SmartSearch were used in compiling and
ascertaining this Yes90 news
report.
©1956-2007.
Copyright. All rights reserved by: TVI
Publications, VRA TelePlay Pictures, xingtv and Big
Six Media Entertainments. Tel/Fax: 323
462.1099.
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108
TVInews
- Pete Allman's Celebrity Scene. MGM Mirage Expands
Las Vegas Strip Project to $7 billion. Troy Cory
denies that the CityCenter project involves the
Jockey Club Excell Christian redevelopment project
or the George Clooney Las Vegas project.
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Story / 108MGMClooneyTroyJockey.htm
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