Nicholas Wallwork
Editor-in-Chief
Staff member
Premium Member
The 67 acre $8.4 billion City Center project in Las Vegas is due to open in November and includes 5,000 hotel rooms and 2,440 apartments as well as public parks, its own monorail, malls and a theatre.
But some buyers who signed contracts in 2006 and 2007 at the height of the property boom when prices in Las Vegas were rocketing now fear that when they take possession of their apartments they will be worth much less than they agreed to pay. Las Vegas has been badly hit by the property crisis with prices falling 30% in the last 12 months.