Early City Center Condo Buyers Ready to Jump

The Wall Street Journal reports the $8.4 billion City Center development, already over budget and criticized for construction safety, is now hearing it from early condo buyers who have watched their investments take a nosedive from the penthouse to the outhouse.

Tamara Audi writes, “Some buyers who signed contracts are demanding significant price reductions, and have hired a law firm to take their grievances to the project's principal developer, gambling company MGM Mirage. Others want their deposits back. Some are using a Web site, citycentercondodepositgroup.blogspot.com, to air their grievances.”