MGM National Harbor's sale was a big deal for Prince George's

Favicon The Washington Business Journal

When MGM Resorts International sold MGM National Harbor to its affiliated real estate investment trust, it paid off in a big way — to Prince George's County. The transaction between MGM Resorts (NYSE: MGM) and MGM Growth Properties (NYSE: MGP) brought with it a check for $23.2 million in deed transfer and recordation taxes, the largest single payment in the county's history, Thomas Himler, a top county economic development and finance official, tells me. That was bound to happen, as Prince George's...

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