July 31 (Bloomberg) -- MGM Mirage, building the largest development on the Las Vegas Strip, plans to cut the price of condominiums it already sold to appease buyers after housing values collapsed, Chief Executive Officer Jim Murren said.
The casino operator, founded by Kirk Kerkorian, is reappraising the condos and talking to banks to help buyers arrange financing so they can complete purchases at the CityCenter site, Murren said yesterday in an interview. Details will be announced early in the U.S. fall season, he said.
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