Dubai World sets new plan to save Las Vegas CityCenter--WSJ (With comments)

Dubai World, MGM Mirage's partner in the $8.6 billion Las Vegas CityCenter development, has proposed the troubled project's investors agree to fund it through completion, the Wall Street Journal reported Friday. Details of the plan were not immediately available, but according to people familiar with it, it calls for Dubai World, MGM Mirage and bank lenders to commit to providing the estimated $3 billion needed to finish the project. Such a move could result in banks dropping an earlier agreement to back a $1.8 billion emergency loan only if MGM Mirage and Dubai World increased their own cash contributions to the massive 67-acre hotel, condominium, shopping mall and casino project.