MGM Mirage’s shiny new Project CityCenter resort that’s currently being built in Vegas sits neatly next to the Monte Carlo hotel, which also happens to be owned by the company. So, a nice contiguous block of land, with two first class properties standing proudly side by side then?
Not quite. Sandwiched in the middle is a tiny WalGreens drug store (or what we in the UK called Chemist!). Apparently, WalGreens refused to sell their plot of land, and are quite happy running their little store as the western hemisphere’s most expensive privately financed project is built around them.
And who can blame them? There are 8,000 construction workers on Project CityCenter, and they’ll need to get their chapstick and skin cream from somewhere! And when the project’s completed, there’ll be over 7,000 rooms crammed full of guests, providing a captive market right on the their doorstep!
Whatever MGM Mirage offered WalGreen, it couldn’t have matched the long-term profits they can generate from having so many people on their doorstep.
[Source: Destination360]
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February 15th, 2008, 18:58
Your article lists Walgreens as the property in question. It’s actually our competitor, CVS, whose store is in the way. If you notice from the photo, the Walgreens is across the street (far right center of photo).
Thanks!
Dan