Can this Mall make it?

NYSE is down badly.
Economy is still clearly showing a decline.
However, there are aggressive individuals who seeks to battle this difficult time of the history.

Xanadu. This is the name of the mall which is planned to open during Summer 2009.
It is not an ordinary shopping mall which we have experienced in the past.
it is considered one of the largest commercial real estate project in the country.

The features are astonishing.
it is not too much to say that this mall provides more entertainment than shopping.

Such things like indoor ski fields and surfing pool may give you a better idea.

The CEO who is responsible for the project is Larry Siegel from Xanadu Corp.

It may be that the project has already been launched but this group must be doing intense risk management.
And I believe with their projection, they are all out for making money on this location near Manhattan NY.

This project would be very interesting on viewing how consumers reaction.

The CEO also mentioned that the spending seen on Manhattan area has the most immunity to the current economy in the U.S.

These types of information can also be very valuable when determining the VaR which we discussed in class.