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What is Going on With The Cosmopolitan Hotel?

Where: 3700 Las Vegas Boulevard South [map], 89109
February 2, 2010 at 7:00 PM | by | ()

Anyone who's visited the brand new CityCenter may have found themselves wondering if that equally large, shiny, blue building wedged between Aria and Vdara was another part of CityCenter that had yet to open.

The truth is, this is the Cosmopolitan Resort and Casino project which is not associated with CityCenter although they do share an entrance on Harmon Drive.

The Cosmo (can we call it that?) is expected to open sometime in the near future. Its Wikipedia entry says June 2010 but it's probably going to be more like December 2010 or early 2011.

Despite people "throwing checks" at the property when it was first announced, its original developers defaulted on their loan back in August 2008. Since then, the project has struggled to stay afloat. You can read the gory bits on Wiki for a quick summary but essentially the property is now in possession of Deutsche Bank, making it one of the first banks ever to own a casino in Vegas.

Condos were originally a part of the hotel plan but with buyers pulling out, the word is the condos could be eliminated completely in favor of a pure casino-hotel. We say that's a smart idea since most condo-hotels around the world have been a big fat failure.

On the bright side, there was active construction work going on during our trip over there last month. It's definitely in way better shape than The Fontainebleau. To be continued....

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