The Aladdin will be the maximum highest and best use of the property, ... It would have been a crime for the trust to use the property to cannibalize on neighboring attractions.
Just refurbishing the old Aladdin, maybe add some parking garages, it would have been a poor use of the property. From a real-estate perspective, a mixed-use development, including gaming and retail, was necessary.
We're very pleased to have Planet Hollywood as an integral part of the Aladdin project.
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