Well, sort of.

By the end of 2009, CityCenter, a sprawling 67 acre spot between the Bellagio and Monte Carlo on the Strip, was set to include all of the above -- ARIA, a 61 story, 4,000 room casino; Vegas’ first Mandarin Oriental; Veer Towers, a strictly residential spot with nearly 2,400 condos; Crystals, the 500,000 square foot retail and entertainment district; and The Harmon Hotel & Spa.

So what gives?

Well, the Harmon, which was to feature 400 rooms and suites as well as 200 residential condos, has nixed the residential sector all together and pushed back the opening of the spa and hotel until 2010. The cancellation and postponement combined will save the CityCenter Holdings, LLC (the joint venture between MGM MIRAGE and Infinity World Development Corp) roughly $600 - $800 million this year alone. Saving hundreds of millions? In this economy, we say: Good call LLC!

But don’t be discouraged – that is the only minor setback in this whirlwind of a project. As CityCenter President/CEO Robert Baldwin announced in a recent press release, "By cancelling The Harmon condominium component… we can remain focused on maximizing the operating performance of Aria, Mandarin, and Vdara to their desired levels."

So what does all of this mean for you? If you wanted to buy a home here, you can still choose a swanky spot at the Mandarin, ARIA, or Veer Towers. And if you just wanted to come play, book your stay for late 2009 because the kick off party is still on!