Whether the still unopened Harmon Hotel inside the CityCenter resort in Las Vegas is demolished or remains an expensive billboard is now part of yet one more legal battle stemming from the struggling megaresort’s many financial woes. Photo: Bill Hughes Rumors say unopened hotel could be imploded. + Image On Nov. 13, according to news reports, owner MGM Resorts International announced plans to raze the 27-story high-rise designed by U.K. “starchitect” Sir Norman Foster. MGM later backpedaled from that statement and claims no final decision has been made, says a spokesman. The company took a $279-million write-down in the third
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.