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REAL ESTATE
OCTOBER 7, 2008

MGM Mirage Gets Some Vegas Funding

Article
Comments

Fighting for financing in the midst of tight credit markets, MGM Mirage said it received a $1.8 billion credit facility from a group of banks for its massive CityCenter project of hotels, condos, retail stores and restaurants in Las Vegas.

The new credit facility leaves a gap in funding for the project that the Las Vegas company says it is working to close. The complex needs another $1.2 billion in financing to round out the $3 billion needed ...