Last night on a local program (Ralston Reports), TI owner Phil Ruffin disclosed that he'd offered MGM/Mirage $500 million for the Monte Carlo and was turned down earlier this year. He went on to say he continues to float offers on The Mirage, but to this point, no success. I love listening to him when he comes on this program. He remains "bullish" on Las Vegas and remains actively looking for more strip investments. He also praised Jim Murran (MGM/Mirage) for having weathered the recession with an incredible amount of debt, by doing some masterful restructuring and commented on the property his former Old Frontier sat on being worth $200-$250 million now after the Israeli investment group paid, I think he said $600 million for it before the recession. All just for the dirt! Wow... things got bid-up to ridiculous amounts!