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Gambling giant MGM Mirage intends to build a new 4,000-room megaresort and sprawling urban development in the heart of the Las Vegas Strip, a project that would dramatically change the landscape of this city's most important commercial center.

MGM Mirage officials are calling the ambitious plan "Project CityCenter," and they believe it will help transform Las Vegas into a sophisticated, multidimensional city, one that rivals other major metropolitan areas.

The multibillion-dollar project includes three, 400-room boutique hotels, 550,000 square feet of retail shops, dining and entertainment venues, and a 1,650-unit luxury condominium complex.

The massive development will be built on a 66-acre site between the Bellagio and Monte Carlo hotel-casinos, with the first phase creating 12,000 jobs when it's completed in 2010.

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