text: In accordance with Statement of Financial Accounting Standards No. 34, 
  “Capitalization of Interest Cost” (“SFAS 34”), interest cost associated with major 
  development and construction projects is capitalized as part of the cost of the project. 
  Interest is typically capitalized on amounts expended on the project using the weighted- 
  average cost of our outstanding borrowings, since we typically do not borrow funds 
  directly related to a development project. Capitalization of interest starts when construc- 
  tion activities, as defined in SFAS 34, begin and ceases when construction is substan- 
  tially complete or development activity is suspended for more than a brief period. 
  
  Whether we capitalize interest on a project depends in part on management’s 
  actions. In October 2002, we announced the suspension of development activities 
  on our wholly-owned project on the Renaissance Pointe land in Atlantic City. In 
  connection with that announcement, we stopped capitalizing interest associated 
  with the project. Interest capitalized on this project for the year ended December 