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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
 TU4wgKJLJj11oszOIC2jUEa9msF09MpViX/9+DGlwFyXJTPSVsU2oeabY0Vfp2HQ
 UR/fgTfuob1uukC0PxSoUg==

<SEC-DOCUMENT>0001164833-08-000103.txt : 20080417
<SEC-HEADER>0001164833-08-000103.hdr.sgml : 20080417
<ACCEPTANCE-DATETIME>20080417164644
ACCESSION NUMBER:		0001164833-08-000103
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080414
FILED AS OF DATE:		20080417
DATE AS OF CHANGE:		20080417

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MI DEVELOPMENTS INC
		CENTRAL INDEX KEY:			0001252509
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		455 MAGNA DR
		STREET 2:		AURORA ONTARIO
		CITY:			CANADA
		STATE:			A6
		ZIP:			L4G7A9
		BUSINESS PHONE:		9057136322

	MAIL ADDRESS:	
		STREET 1:		455 MAGNA DR
		STREET 2:		AURORA ONTARIO
		CITY:			CANADA
		STATE:			A6
		ZIP:			L4G7A9

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001164833

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31728
		FILM NUMBER:		08762547

	BUSINESS ADDRESS:	
		STREET 1:		725 SOUTH FIGUERORA ST 39TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		2134301000

	MAIL ADDRESS:	
		STREET 1:		725 SOUTH FIGUEROA ST 39TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-04-14</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001252509</issuerCik>
        <issuerName>MI DEVELOPMENTS INC</issuerName>
        <issuerTradingSymbol>MIM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001164833</rptOwnerCik>
            <rptOwnerName>HOTCHKIS &amp; WILEY CAPITAL MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>725 SOUTH FIGUEROA ST 39TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>No securities are beneficially owned</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>Anna Marie Lopez</signatureName>
        <signatureDate>2008-04-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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