Word: comeing
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Dates: during 2000-2009
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...already oversupplied market. Murren describes it as the "stimulus package of all time for this community," pointing to the 12,000 jobs CityCenter has created. Expectedly, he's bullish that CityCenter will lure new visitors to Vegas. "There's no doubt in my mind that more people will come to Las Vegas next year than this year...
...Banks are reticent to lend to developers who lack land equity and plenty of cold hard cash. MGM Mirage owns a larger parcel than CityCenter a few miles north of it on the Strip. It's unlikely the company will attempt a sequel. "I think people will quickly come to a conclusion that no one will ever top this," Murren says. "We've delivered in excess of people's expectations...
...businesses, as well as scaring off foreign investment. "If an Italian is doing business here and is targeted in a raider attack, he's going to tell his countrymen," says Alexander Brechalov, vice president of Opora, a Russian lobbying group for small businesses. "Who is going to want to come to Russia after hearing that? It's an epidemic that needs to be contained." (See pictures of Russian police breaking up an anti-Kremlin rally...
...property whose owner refuses to make way for redevelopment, and thus sticks up like a nail among the rubble of a demolished neighborhood. As China's economy has boomed, cities have undergone rapid transformation. Old neighborhoods are torn down and rebuilt with remarkable speed. And while some homeowners come away with substantial compensation and improved accommodations when their former residences are demolished, complaints of underpayment or outright corruption are frequent. Official investigations have uncovered more than 1 million incidents of illegal land takeovers in the first half of this decade...
...Guangzhou-based Southern Metropolis Daily reported this week. Wang and other scholars say the need is urgent. "The revision of the existing housing demolition regulation should not be delayed for another day," he says. "The central government, which has been extremely wary of instability in society, has also come to realize the high political risks caused by the existing regulation." So far the government hasn't outlined the proposed changes, or when they might go into effect. That means that China's recent spate of violent standoffs over property demolitions is unlikely to end soon. With reporting by Jessie Jiang/Beijing