Word: costly
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...bankruptcy for six months earlier this year by pumping $140 million, almost a quarter of its monthly revenues, into the project. MGM sold off Treasure Island at a bargain price: Phil Ruffin, the buyer, paid the equivalent of $225,000 for each room on the property; CityCenter's rooms cost about $1.5 million each to build. Even if CityCenter is a big success and people want urban density as a part of their Vegas experience, experts like Bill Lerner, a gaming analyst at Union Gaming Group, figure it will be five to 10 years before Vegas needs more than...
...fact, last year Boemio and her new husband did it themselves, paying $279,000 for a house nicer than their old one, which cost nearly twice as much. They stopped making payments on the old one as soon as they signed their new mortgage. "I make people happy all day with foreclosures. Now I want to be happy too," she says. The new house, like so many she deals with, was trashed by the previous owners, who were angry at being foreclosed on. The doorknobs, hinges and copper wiring were stolen, as were the appliances and carpet. The owners even...
...soda cans, prescription medicine, old mail and some used airline tickets to Miami. Boemio casually walks around all of it, occasionally laughing. The buyer's agent - a woman in a Gucci scarf and sunglasses - is a little more freaked out, trying to figure out how much this mess will cost to clean up. Which is strange, since she's offering $250,000 on behalf of her overseas client - $70,000 more than the asking price. There are no other buyers. Boemio goes over the offer three times with the Gucci lady to make sure she understands exactly what is going...
...build yourself out of this mess," says Jeanne Woodford, former warden at San Quentin and former head of the CDCR. "The state can't afford it." Apparently, California only accounted for the construction costs and never included the operating expenses. "So even if those places are built," says Woodford, "where will California get the money to staff them? We're broke. How the heck are we going to operate these prisons? Most prisons cost from $150 to $200 million a year to operate. There's just no money...
...were at [their] worst in the nineties, during the Clinton administration. This is the period when we were bombed by U.S. missiles, sanctions were placed on us and Sudan was placed on the State Sponsors of Terror list. We think that the mistakes committed by the Republican administration cost the United States dearly, with losses in the lives of members of the armed forces in Iraq and Afghanistan, and a dire economic situation. Then with the slogan of "change" brought on by the Democrats and President Obama, we were not very optimistic...