Word: helping
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...question remains whether CityCenter will help spur a rebound in the city - the common wisdom in Las Vegas is that new supply creates demand - or the addition of more than 4,000 new hotel rooms will depress an 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...
...grow enough to maintain footing for all the properties. You'll see a hit at some of the other properties." Nevertheless, Govertsen also believes visitor growth will rise next year and expects a modest uptick in the city's revenue per available room, which could help the city absorb the new inventory...
...give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...
...sign yet another memorandum of understanding as part of the continuing effort to manage Agent Orange's dark legacy. Yet there are grumblings that little - if anything - has been done to clean up the most contaminated sites. Since 2007, Congress has allocated a total of $6 million to help address Agent Orange issues in Vietnam. Not only does the amount not begin to scratch the surface of the problem or get rid of the tons of toxic soil around the nation, but there are questions about how the money is being spent. And several parties have noted with growing frustration...
...providing care to the disabled in the region. A portion of the $6 million allocated by Congress was awarded to humanitarian groups working with disabled residents around Danang. But it is difficult to find evidence of the money at work. Save the Children was given $400,000 to help people with disabilities find employment. But the sole case the organization cited for a reporter was their work finding a job for a college graduate with a hair lip. Another chunk went to equip and refurbish a wing at Binh Dan Hospital in Danang, which sits largely empty. Because the American...