15, 2006, stating that it would be "the type of place where you dress up to see a show. The kind of casino that doesn't exist anymore." In addition, Clooney said he would donate 25 percent of his profits from Las Ramblas to African relief. The following day, casino executive Bobby Baldwin who was in charge of MGM's $7 billion CityCenter project criticized the Las Ramblas project: "I think that's been about as successful as me acting in movies." Cancellation On March 29, 2006, it was reported that the Las Ramblas was no longer accepting reservations, and that the property was under contract to be purchased by Edge Resorts Group, a partner in the development of the planned W Las Vegas, located on adjacent land. Clooney had reportedly invested $10 million in the Las Ramblas project. On April 5, 2006, Gerber responded to reports that the property had been put up for sale: "There are some great opportunities, including selling the land. If that happens, George and I will invest in something else in Las Vegas". By May 2006, the project had been cancelled, due to decreased sales and rising construction costs. On June 4, 2006, it was announced that the property had been sold to Edge Resorts for $202 million. Clooney said he would donate his profits from the sale to the African Debt Relief Project. Edge Resorts planned to construct a boutique hotel district known as Edge East on the property to accompany W Las Vegas. Marty Burger of Related said that for the company, Las Ramblas "became more about gaming than the residential community we were trying to build. We're the largest developer of residential property in the country, and we saw ourselves getting away from what we do best." Groundbreaking on Las Ramblas had been scheduled to begin in September 2006, with the first phase scheduled to open in June 2007, to accompany Clooney's new film, Ocean's Thirteen, which he wanted to premiere in Las Vegas. In 2010, Jorge Perez of Related said that selling the property was one of the smartest decisions he had ever made: "The market was clearly showing signs of decline, and the demand for construction services was so great that construction prices had been inflated to the point of making our project unfeasible. Instead of taking the immense risk, I decided to sell the land for a huge profit." The vacant