MGM MIRAGE
EXHIBIT 10.2
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<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.2    <BR>  </B></FONT></P>

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<BR></FONT><FONT SIZE=2><B>FIFTH AMENDMENT TO THE<BR>  AMENDED AND RESTATED DEVELOPMENT AGREEMENT<BR>  BY AND AMONG<BR>  THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION<BR>  OF THE CITY OF DETROIT AND<BR>  MGM GRAND DETROIT, LLC    <BR>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS FIFTH AMENDMENT (the "Fifth Amendment") to that certain Amended and Restated Development Agreement, dated as of April&nbsp;9, 1998, as amended by the First
Amendment dated June&nbsp;25, 1998, Second Amendment dated December, 1999, Third Amendment dated November&nbsp;30, 2000 and Fourth Amendment dated November&nbsp;30, 2001 by and among the City of
Detroit (the "City"), The Economic Development Corporation of the City of Detroit ("EDC") and MGM Grand Detroit, LLC, a Delaware limited liability company ("Developer") for the City of Detroit
Waterfront Reclamation and Casino Development Project (the "Development Agreement") is made on this&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;day of March&nbsp;2002 by and among the City, EDC and the Developer. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS,</B></FONT><FONT SIZE=2> the City, EDC and Developer have previously entered into the Development Agreement; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, it is the desire of the parties to enter into this Fifth Amendment to amend certain provisions of the Development Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, in consideration of the foregoing premises and the covenants herein contained, the parties agree as follows: </FONT></P>

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<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>All
capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Development Agreement.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>Section&nbsp;2.4(d)
of the Development Agreement is hereby amended by deleting the reference to "March&nbsp;31, 2002" in such section and substituting in its place
"April&nbsp;30, 2002."
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2>Except
as amended by this Fifth Amendment, the Development Agreement is reaffirmed in all respects and shall remain in full force and effect.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2>This
Fifth Amendment shall become effective on the date (the "Amendment Effective Date") on which all of the following have been accomplished: (a)&nbsp;this Fifth Amendment has been
executed by all parties hereto and (b)&nbsp;the City Council has duly approved the last of the following: (i)&nbsp;this Fifth Amendment; and (ii)&nbsp;a fifth amendment to the amended and
restated development agreements of each of the Other Land-Based Casino Developers containing substantially the same terms and conditions as set forth in this Fifth Amendment.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2>This
Fifth Amendment may be executed in counterparts, each of which shall be deemed to be an original document and together shall constitute one instrument. </FONT></DD></DL>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the parties hereto have set their hands and had their seals affixed on the dates set forth after their respective
signatures. </FONT></P>

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<TD COLSPAN=3><FONT SIZE=2>CITY OF DETROIT,<BR>
A municipal corporation</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>KWAME M. KILPATRICK</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="5%"><FONT SIZE=2>Its:</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2>Mayor</FONT></TD>
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THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT, a Michigan public body corporate</FONT></TD>
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By:</FONT></TD>
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/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ART PAPAPANOS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="5%"><FONT SIZE=2>Its:</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2>Authorized Agent</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>SEAN WERDLOW</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="5%"><FONT SIZE=2>Its:</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2>Treasurer</FONT></TD>
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MGM GRAND DETROIT, LLC<BR>
a Delaware limited liability company</FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>JOHN REDMOND</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
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<TD WIDTH="47%"><FONT SIZE=2>Chairman</FONT></TD>
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<FONT SIZE=2><A HREF="#toc_ki1332_1">EXHIBIT 10.2</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_ki1332_2">FIFTH AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT AND MGM GRAND DETROIT, LLC</A></FONT><BR>

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