NATIONAL HARBOR, MD-Peterson Cos., and MGM Resorts International unveiled a grand scheme on Friday to develop a $600-million to $700-million destination resort casino here. The complex will not be at downtown National Harbor, but rather on a 30-acre Beltway parcel that the developer also owns at National Harbor, approximately one mile away from downtown, Peterson Cos.’ Jon Peterson tells “MGM will take 13 acres and we will do complementary development.”

It is an important distinction, he says, because the Beltway parcel already has the necessary infrastructure and utilities in place. Also, it is located next to the Tanger Outlet Center that is being developed there.

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