It's not completely down, as a few levels that make up the base of the structure are still intact. The top of what remains of the tower is below sight lines from the Strip, however, and can be seen only from the Harmon overpass.
MGM Resorts International, owner of the site, has been mum on its future use, which would be uncharacteristic if something were planned for the site. A spokesperson for MGM says, "Nothing has been made official and I don’t think it’s been completely decided. One official made passing reference to a Crystals expansion, but no one has confirmed anything. Crystals is often a top revenue generator nationally per square foot" -- one of the top five in the U.S. -- however, it’s also frequently been mentioned by MGM as a possible target for the auction block, because it's believed that the mall's sale would bring $1 billion. Of course, that doesn’t preclude the possibility of MGM throwing the Harmon acreage into the deal, to further sweeten the pot.
One possibility that was frequently mentioned early in the Harmon’s demolition process was that MGM would build a dining-and-retail complex on the corner, to capitalize on the foot traffic (or would that be "food traffic"?) generated by the shops and restaurants at the Cosmopolitan. For all we know that could indeed be the plan, but it’s highly unlikely that the company will commit to anything publicly for the Harmon site until it's good and ready, which evidently it isn't, yet.
Besides, the MGM has many irons in the fire, not just including the AEG Arena and The Park behind the Strip. A redesign/renaming of the Monte Carlo is already on the table (and includes yet another event venue), and MGM has casino projects in Massachusetts and Maryland to which it has committed $2.5 billion dollars, minimum. It’s also pursuing casino opportunities in Georgia and Japan, and is preparing to open a new megaresort in Macao. With so many projects on the boil, they can probably afford to leave the Harmon acreage on the back burner -- especially if a sale is contemplated -- because land prices on the Strip are only starting to recover from the Great Recession.
