MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield offered on Thursday the Massachusetts Gaming Commission with facts about the proposed changes to the $950-million resort and casino resort the gambling operator is building in downtown Springfield.
The stated alterations include the replacement of the 25-story glass resort tower by having a 6-story structure and a 9% decrease in the task’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby therefore the four commissioners that when approved, the said changes would boost effectiveness, meet consumer demands, and remove space that is unnecessary jackpot247 wagering requirements.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also supplied state gambling officials with more details about the $150-million boost in expenses. Based on the initial plan, the construction for the MGM Springfield casino resort would have cost $800 million. Following the design changes and other matters that are related the gambling operator has become expected 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, license and application fees, host community agreements, and many more.
Throughout the Thursday meeting, Commissioner Enrique Zuniga said that the rise in costs had been a serious matter and that he expected more comprehensive information about it. (more…)