A number of years ago I was director of corporate communications for a developer of large shopping and entertainment complexes. It was an exciting time, as we were expanding aggressively in the U.S. and making inroads in Europe. My job was to get positive coverage in national business media, like The Wall Street Journal and Forbes, that could drive up our stock price, or in local media that could help us get approvals or build consumer excitement for development projects.
One of our projects, Madrid Xanadu, opened in 2003. I got to make a few trips to Spain to work with a local public relations firm to make sure the press (there wasn’t much in the way of electronic media then) adequately covered our development milestones – regulatory approvals, groundbreaking, tenant signings, and so forth.
I don’t remember details of what transpired at the meeting. I
remember the sense of alarm I felt that something could go very wrong very
quickly. Jaafar was unpredictable at best, and possibly irrational and dangerous.
Nobody wanted to do business with him, but he had a valuable piece of land and vital
connections with the regional and national governments.
Ultimately, Jaafar got the zoning, we got the property, and Madrid Xanadu – with an indoor ski slope, go-cart track, massive cinema, and more than 200 shops – opened to great fanfare.
The year Madrid Xanadu opened also was the year the United States
invaded Iraq, amid concerns, later disproved, that dictator Saddam Hussein was stockpiling
weapons of mass destruction (WMDs).
Those concerns were fueled by Ahmed Chalabi, an Iraqi who had fled Iraq (in the trunk of a car by a Jordanian prince) amidst a banking scandal. He was accused, and later convicted in absentia, of embezzling tens of millions of dollars from Petra Bank, an institution in Jordan he co-founded with a brother of the Jordanian king.
Jaafar Jalabi, the owner of the
land parcel on which Madrid Xanadu sits, was Ahmed Chalabi’s nephew. One of the
executives of the company I worked for, Mills Corp., told me that Jaafar had
had a falling out with his family, and was forced to change his name from
Chalabi. I can’t verify that. But I can tell you that on the day of the meeting
in the trailer in Arroyomolinos, I was very glad to get out of there.
Note: The grand opening of Madrid Xanadu was something I’ll never forget. We had promoted it heavily; a well-known radio celebrity (radio was much more influential there than in the U.S.) was to be the emcee for the day’s events, which were to begin with the mall’s opening at 10:00 am. Thousands of people arrived early that morning and began pressing against the doors to get in. By 9:15, we decided to open the doors so they wouldn’t be broken and to prevent injuries. We opened and there was a stampede, like something you see at a Wal-Mart on Black Friday. Luckily, there were no more than a few bruises and scrapes. The emcee, on a stage in the middle of the mall in front of thousands of folded chairs, went through her routine and introduced the Mills executives and local politicians, but most people were racing around the complex, wanting to soak it all in.
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