Most of the redevelopment will be funded by releasing spare land to the developers to build residential properties, with the overall project worth £2 billion.

State officials said they would offer a combination of low-income housing tax credits and financial grants to entice larger developers to build mixed-income rental properties.

MGM historically has built major properties in terms of size and scale.

Despite the problems, hotel investors continue to refurbish and expand resorts and occasionally build properties.

The company builds and manages residential properties, but is not in the business of converting rentals to ownership units.

South Oxhey is a large estate almost exclusively made up of council built properties.

They also said it may prove technically difficult to build economically valuable properties that fall within sunlight access requirements.

The program often consults with homeowners and developers building new properties or dealing with mine subsidence.

Instead, Mr. Nourse said, casino companies have now built properties worth $2 billion, with more to come.

People were building very upscale properties, but they discovered that very few seniors were interested.