Will the deepening recession and skittish lending environment find their next victim in CityCenter? The Las Vegas development faces mounting challenges in reaching completion. The project, touted as the nation's largest privately funded development, has been trying unsuccessfully for months to secure a $1.2-billion loan needed to finance the final leg of construction. Majority Leader Sen. Harry Reid (D-Nev.) and Sen. John Ensign (R-Nev.) have reportedly made calls to banks on the project's behalf. The $9.2-billion resort complex was scheduled to open in December. On Mar. 23, however, developer MGM Mirage was slapped with a lawsuit by project partner Dubai
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.