Even Dubai is having some trouble

Discussion in 'World Events' started by See Post, Mar 29, 2009.

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  1. See Post

    See Post New Member

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    Originally Posted By DAR

    <a href="http://www.rttnews.com/ArticleView.aspx?Id=890710&SMap=1" target="_blank">http://www.rttnews.com/Article...0&SMap=1</a>

    Or a group from Dubai.
     
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    See Post New Member

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    Originally Posted By DVC_dad

    DAR, bait and switch topic!!!

    JK ;p
     
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    Originally Posted By Sport Goofy

    Dubai is having more than just "some" trouble. The whole go-go economy there has pretty much collapsed with the price of oil.
     
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    Originally Posted By wonderingalice

    Just to update... MGM Mirage made a $200 million payment toward the City Center debt last week - this included their share AND Dubai's. At least THEY are proceeding in good faith and keeping our construction workers employed.
     
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    Originally Posted By DVC_dad

    I see the price of gas is going up.
     
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    Originally Posted By wonderingalice

    To clarify... MGM Mirage put up the money to cover Dubai's share. Not sure if I was clear on that.

    And yeah, DVC Dad... Big surprise, eh?
     
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    Originally Posted By Hans Reinhardt

    MGM is $13 billion in debt? Holy moly Batman!
     
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    Originally Posted By wonderingalice

    Yep... It ain't purty.

    It's an awesome project, though. I really hope they're able to complete it as scheduled. Aria is due to open on December 16 and even has sold out all of the rooms for that night. They're already booking rooms and conference space into 2010.
     

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