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November 12, 2009

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Shadow Creek house up for sale

Friday, March 9, 2001 | 11:19 a.m.

MGM MIRAGE has put a huge luxury home on the Shadow Creek Golf Course up for sale.

The 7,000-square-foot home was previously owned by Marc Schorr, the former president of the Mirage hotel-casino. Schorr left Mirage Resorts Inc. after its takeover by MGM Grand Inc., and is now chief operating officer of Wynn Resorts; Schorr's contract called for MGM MIRAGE to repurchase the home from him if he left the company.

Alan Feldman, spokesman for MGM MIRAGE, said the company is asking $5 million for the property. The sale is part of MGM MIRAGE's efforts to sell non-strategic assets to reduce debt.

The only other residence on the MGM MIRAGE-owned golf course is owned by Steve Wynn, who did not sell his home back to the company.

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