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I have researched the MGM/Mirage project for the past several months, and YES it is a reality. After all the crap, hype, and lies PT owners have had to endure for the past 10 years about the future of the location, this may be the best thing to happen. After purchasing the 60+ acres directly across the street from Polo Towers and finally tearing down the old Boardwalk Hotel and Casino that was located on it, The MGM Grand has broken ground to develop the largest Hotel/Casino/Condo/Shopping property in the world at $7 billion. It will have an international theme and look similar to the United Nations towers and plaza in New York, with a circular international shopping and dining plaza. Here is the developer's public description: "Construction is now underway on MGM/Mirage’s CityCenter, which is the largest privately financed project in the country at an estimated $7 Billion. This 66-acre project will establish a complete vertical city directly on the Las Vegas Strip between the Monte Carlo and the Bellagio. With internationally renowned architects, including Pelli Clarke Pelli, RV Architecture, LLC, Helmut Jahn Architects, KPF Architects, and Foster and Partners, this urban metropolis will serve as an icon of contemporary design and sophistication. CityCenter is anticipated to open in 2009 with a 60-story, 4,000-room hotel and casino along with two 400-room boutique hotels (non-gaming) and 500,000 square feet of premier retail shops, entertainment venues and fine dining. In addition, there will be 2,800 residential units for those who will live in this new urban metropolis rather than just visit." Lets hope MGM's CityScape together with the newly renovated Polo Towers suites, improves the atmosphere and desirability for all the owners....just wish we could fire Diamond Resorts Management in favor of a more customer/owner friendly company.