- Original construction begins in October, 2005 with project cost estimates of $1.8 billion.

- Initial developer Ian Eichner exhausts project funding / defaults on construction loans of $760 million and enters foreclosure ; Deutsche Bank pays $1 billion in August 2008 to assume ownership and makes the decision to complete the half - finished project.

- Hearst Corporation, who owns the trademark to Cosmopolitan magazine, filed a trademark suit against the owners in June 2008. The original name of the property was intended to be Cosmopolitan Resort and Casino. The suit was eventually settled in March 2010, with the resort renamed as Cosmopolitan of Las Vegas.

- In June 2009, the owners were sued by more than 400 condo - purchasing plaintiffs claiming numerous breaches of contract, failure of disclosure, and no return on their original condo deposits. One condo buyer among the plaintiffs paid $590,000 for a 610 sq ft unit ($697 per sq ft). The lawsuit claimed the project's delayed opening cost condo buyers money, as the original condo - hotel concept allowed condo buyers to rent their residences as hotel rooms when not in use thereby creating a revenue stream for them. The lawsuit accused the developer of one-sided terms and violating good faith and fair dealing with condo buyers.

- In November 2009, project builders hit the city's natural water aquifer during excavation for the property's planned underground parking garage. Deutsche was forced to build containment walls and employ a 24 - hour pump system to control flooding.

- During the course of development, the project has undergone three major interior redesigns which have resulted in further delays and huge cost increases. One original design intent included casino location on the second floor of one of the property's two towers. That idea was scrapped and plans for the casino on ground level were undertaken.

- In April 2010, the management announced the property would open in stages, beginning in December 2010 and ending in July 2011. Approximately 2000 of the planned total 2995 rooms are slated to open on December 15, 2010.........read more