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Under a previous agreement with their lenders, MGM Mirage and Dubai World agreed to make joint construction payments to avoid propelling CityCenter into bankruptcy.
Dubai World has also agreed to repay $135 million to MGM in construction payments the casino operator had made on its behalf.
Iran, which has denied American allegations that it is pursuing nuclear weapons, received the first shipment of fuel from Russia on Dec. 17 after a dispute lasting months between the countries, ostensibly over delayed construction payments for the reactor.
They were about to start building a house in the hills to enjoy in years to come and their final conversation "revolved around construction, payments, scheduling, stuff like that".
It is unclear what prompted Mr. Bloomberg to decide that the city could no longer afford the up-front construction payments, since the city's financial outlook, long viewed as troublesome, has not changed markedly since the summer, when he made his comments to the control board.
Rumors were spreading around Shanghai that Leo Investment had failed to settle construction payments and that the project was waiting for new investors.
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State officials are withholding a scheduled $10 million capital construction payment from the firm until the plan is complete.
MGM Mirage, the casino operator, staved off a bankruptcy filing for its CityCenter development in Las Vegas by making a $200 million construction payment on Friday.
But the Mets (and the Yankees) have something Madoff couldn't make off with: the ability to deduct their construction debt payments, maintenance and other stadium costs from the revenue they share with other teams.
As the two talked to contractors, however, they realized it would take more to fix construction's payment problem.
Services include defining client needs, preparing bid documents, tendering bid analysis, construction review, payment certification, contract administration, warranty inspections.
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