MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield offered 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 modifications consist of the replacement of a 25-story glass hotel tower with a 6-story structure and a 9% lowering of the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby as well as the four commissioners that if authorized, the said changes would improve efficiency, fulfill client demands, and eliminate space that is unnecessary.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also supplied state gambling officials with additional information about the $150-million escalation in expenses. Based on the initial plan, the construction for the MGM Springfield casino resort would have cost $800 million. Following the design changes along with other associated issues, the gambling operator happens to be anticipated to invest an approximate of $950 million.
Mr. Stratton explained that the expense include $614 million for construction and furnishings, and more than $335 million for various land improvements, application and license costs, host community agreements, and a whole lot more.
Through the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in expenses was a serious matter and that he expected more comprehensive information about any of it. Continue reading MGM Springfield Provides MassGaming with Details on Casino Project Modifications