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Director in part picked up business in rich area (8)

Ross

I believe the answer is:

eldorado

I'm a little stuck... Click here to teach me more about this clue!

'rich area' is the definition.
The definition and answer can be both locations as well as being singular nouns.
Perhaps they are linked in a way I don't understand?

'director in part picked up business' is the wordplay.
'director' becomes 'd' (abbreviation eg in film reviews).
'in' indicates putting letters inside.
'part' becomes 'role' (eg a theatrical role).
'picked up' says the letters should be written backwards.
'business' becomes 'ado' (both can mean happenings or commotion).
'd' inserted into 'role' is 'rodle'.
'rodle' backwards is 'eldor'.
'eldor'+'ado'='ELDORADO'

'in' is the link.

Can you help me to learn more?

(Other definitions for eldorado that I've seen before include "city, apparently lost" , "source of wealth" , "a place of great wealth" , "rich land, so many thought" , "wealthy location" .)

I've seen this clue in The Independent.
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