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...Murren waited five years to welcome the world to CityCenter, the 18 million-sq.-ft., $8.5 billion resort complex that opened this week in the heart of the Las Vegas Strip. When he took over as CEO of MGM Mirage a year ago, he was a youthful 47. "I'm now an old 48," he says, and he's got the gray hairs to prove it. That's because CityCenter came within a whisker of not opening at all, even as it was billed the most expensive private construction project in American history and thought of among locals...
...course, he looks like he's enjoying this week as his playground of smart-suited corporate glass and steel glitters on the Las Vegas skyline. The mood this week in the city is upbeat as fireworks and a multitude of parties have marked the opening of Aria, CityCenter's central casino-hotel. (A retail mall, Crystals, opened early this month, along with a Mandarin Oriental hotel and a condo-hotel called Vdara. Three more towers are still in mid-construction...
...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...
...pictures of hard times in Las Vegas...
...most of the troupe's younger stars are products of the training center; Steve Carell, Rachel Dratch, Chris Farley and Fey are all former students.) But not all attempts at expansion worked out. Second cities in Pasadena and Santa Monica, Calif., and Edmonton, Alberta, soon shuttered, while theaters in Las Vegas and Detroit meandered along for years without attaining the fame of the Chicago and Toronto venues. (Read about Tina Fey in the TIME...