The master plan
The Park Theater is impressive enough on its own, but is just the first step in a plan to completely renovate and rebrand the Monte Carlo as two hotels in one: The Park MGM and NoMad, which is based on a luxury resort in New York. The entire project will cost $450 million.
"We don't like to use the word pressure but yeah, the pressure's on," laughs Pelletier. "Pressure turns coal into diamonds."
Factor in the T-Mobile Arena, the Shops at Crystals and properties like the Aria and Vdara, and MGM Resorts has completed revamped the entire west side of Las Vegas Blvd between the Cosmopolitan and New York-New York. It's a busy stretch of the Strip that could set the stage for the future to come in Las Vegas. For now, just try to score some tickets for Cher.