MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield delivered on Thursday the Massachusetts Gaming Commission with details about the proposed modifications to the $950-million hotel and casino resort the gambling operator is building in downtown Springfield.
The stated customizations include the replacement of the 25-story cup resort tower with a 6-story framework and a 9% lowering of the project’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby plus 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 and General Counsel of MGM Springfield, additionally supplied state gambling officials with additional details about the $150-million boost in expenses. In line with the plan that is initial the construction of the MGM Springfield casino resort might have cost $800 million. Following the design changes as well as other matters that are related the gambling operator happens to be likely to spend an approximate of $950 million.
Mr. Stratton explained that the expenses include $614 million for construction and furnishings, and much more than $335 million for various land improvements, application and license charges, host community agreements, and so many more.
Through the Thursday conference, Commissioner Enrique Zuniga stated that the increase in expenses had been a serious matter and that he expected more comprehensive information about this. Continue reading