Cashing Out? Las Vegas Hotel May Get Razed Before Even Opening

August 29, 2011 Updated Aug 29, 2011 at 11:39 AM EDT

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Cashing Out? Las Vegas Hotel May Get Razed Before Even Opening

August 29, 2011 Updated Aug 29, 2011 at 11:39 AM EDT

An upscale hotel that was set to open near CityCenter in Las Vegas is apparently closing its doors -- without ever hosting a guest, according to a story posted recently on Time.com.

The Harmon Hotel, which was the main point of an $8.5 billion development, has been shut down and MGM Resorts International plans to tear down the unfinished hotel.

Read the TIME.com story HERE.