MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield introduced on the Massachusetts Gaming Commission with details about the proposed changes to the $950-million hotel and casino resort the gambling operator is building in downtown Springfield thursday.
The stated customizations consist of the replacement of a 25-story glass resort tower having a 6-story structure and a 9% decrease in the project’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby as well as the four commissioners that if authorized, the said changes would boost effectiveness, meet client demands, and remove space that is unnecessary.
Seth Stratton, Vice President kitty bingo software and General Counsel of MGM Springfield, also supplied state gambling officials with more information regarding the $150-million increase in costs. Based on the initial plan, the construction regarding the MGM Springfield casino resort might have cost $800 million. After the design changes along with other matters that are related the gambling operator is now expected to spend an approximate of $950 million.
Mr. Stratton explained that the expense consist of $614 million for construction and furnishings, and more than $335 million for various land improvements, license and application charges, host community agreements, and a whole lot more.
Through the Thursday conference, Commissioner Enrique Zuniga stated that the rise in costs had been a severe matter and that he expected more comprehensive information about this. (more…)