February 5, 2015
The MGM effect: Massive National Harbor project may drive up contracting costs for all
The $1.2 billion MGM National Harbor resort will create thousands of jobs and drive work to hundreds of small and local businesses during the roughly two years it is under construction. But the MGM effect, according to one leading development executive, isn’t all boon. It may be a drain, too, on the pockets of other developers.
“In fact in some of the cities, some of the larger projects like the potential casino that’s going to be built in Everett [Massachusetts] and the current casino that’s being…
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At least three other big money companies based in Greater Washington could be subject to President Barrack Obama’s proposed bank tax in addition to Capital One Financial Corp.
Going high-tech can get expensive for landman companies. The firms that lease land for the oil and gas industry spend money buying the software and then have downtime while the employees are trained on it.
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The Association of American Medical Colleges has shed the last vestige of its former headquarters, roughly eight months after officially dedicating its new home in D.C.’s Mount Vernon Triangle headquarters.