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Old 03-04-2009, 12:05 PM
 
Location: South Strip, NV --> Philly (Fall 2009)
2,404 posts, read 9,524,082 times
Reputation: 625
Quote:
Originally Posted by drinkme View Post
I think MGM needs to sell off everything except the Grand. Re-open the theme park they have rotting away back there, and renovate their rooms (starting with the crappy shower heads).
they can't reopen the theme park, its not rotting away anymore, it is now Signature, correct?

i wish they never closed that park though, it was much better than the Adventuredome...
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Old 03-04-2009, 12:13 PM
 
844 posts, read 1,769,042 times
Reputation: 485
Quote:
Originally Posted by lvkewlkid View Post
they can't reopen the theme park, its not rotting away anymore, it is now Signature, correct?
Someone needs to be punished for this decision
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Old 03-04-2009, 04:46 PM
 
364 posts, read 862,707 times
Reputation: 245
I loved the old MGM Grand theme park. Sometimes I just miss the "old" Vegas. And "old" can mean late 90's - just a little over ten years ago.
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Old 03-05-2009, 07:13 AM
 
Location: Macao
15,687 posts, read 34,675,136 times
Reputation: 9219
During the Bush Administration...their was strong encouragement by the Feds to have incredibly low interest rates for borrowing.

That certainly fueled the quickly overinflated housing bubble (to make it look like we had an economy when we didn't).

I hadn't readily projected the concept that large corporations were also borrowing ungodly unsustainable amounts as well...but it certainly seems by reading this thread and this story, that they did as well.
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Old 03-05-2009, 05:51 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,479,957 times
Reputation: 2661
Quote:
Originally Posted by Tiger Beer View Post
During the Bush Administration...their was strong encouragement by the Feds to have incredibly low interest rates for borrowing.

That certainly fueled the quickly overinflated housing bubble (to make it look like we had an economy when we didn't).

I hadn't readily projected the concept that large corporations were also borrowing ungodly unsustainable amounts as well...but it certainly seems by reading this thread and this story, that they did as well.

The problem with large corporations is that they have always been able to borrow freely at reasonable terms. Now they cannot. Unfortunately old borrowing needs to be renewed and replaced.

Not suggesting that some did not get carried away...could MGM Grand have built a nice place at City Center for a mere 5 billion? Sure they could have. But their problem is not that City Center turned out bad. It is the money markets have evaporated so there is no rational way to borrow..

So probably some bad behavior...but mostly business as usual is no longer possible and they are not configured to survive in such a world. So they won't.
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Old 03-05-2009, 06:26 PM
 
Location: South San Francisco
322 posts, read 1,103,702 times
Reputation: 145
Quote:
Originally Posted by drinkme View Post
I think MGM needs to sell off everything except the Grand. Re-open the theme park they have rotting away back there, and renovate their rooms (starting with the crappy shower heads).

Is the theme park back there somewhere? Link me on google maps or other photos ?
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Old 03-05-2009, 10:17 PM
 
Location: South San Francisco
322 posts, read 1,103,702 times
Reputation: 145
supposedly its in this pic somewhere.

http://farm2.static.flickr.com/1414/...b0e310c25d.jpg

I dont see the Bellagio, but I do see the Luxor? Can someone date this pic ?

There is no Wynn, but there is NY NY
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Old 03-05-2009, 10:24 PM
 
844 posts, read 1,769,042 times
Reputation: 485
A sad, sad song... MGM Grand Adventures Theme Park - Wikipedia, the free encyclopedia
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Old 03-06-2009, 09:41 PM
 
18 posts, read 37,713 times
Reputation: 13
can ur sister get me a good rate on a room?
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Old 03-06-2009, 09:44 PM
 
18 posts, read 37,713 times
Reputation: 13
Quote:
Originally Posted by aqualung8705 View Post
If they've got crappy shower heads, shouldn't they call in a proctologist? Sorry, I couldn't resist. Besides, my sister is a room reservationist for MGM Mirage. She hasn't said anything about them going down the tubes.
can she get me a good rate on a room?
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