Welcome to the Crumbling Future of the Vegas Strip

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Las Vegas’ Project CityCenter, the largest private development in the Unites States, was to be 8 acres of shops, casinos, hotels, condos, and theaters. But now it looks like big portions of the project may remain in a state of half-built rubble piles for years to come, due to the current credit crisis in the United States.
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Last week, Deutsche Bank AG, the lender on the Cosmopolitan Project (the piece of this structure that’s on the far right), started foreclosure proceedings after developer Ian Bruce Eichner was unable to get more financing for the world’s biggest mega-mall.