MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield offered on Thursday the Massachusetts Gaming Commission with information about the proposed changes towards the $950-million resort and casino resort the gambling operator is building in downtown Springfield.
The said improvements include the replacement of a 25-story cup resort tower having a 6-story structure and a 9% decrease in the task’s overall footage that is square. MGM Springfield officials told MassGaming lady luck mobile casino Chairman Steve Crosby and also the four commissioners that if approved, the said changes would boost efficiency, satisfy customer needs, and eliminate unneeded room.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also supplied state gambling officials with more information regarding the $150-million upsurge in costs. In line with the initial plan, the construction of the MGM Springfield casino resort might have cost $800 million. After the design modifications as well as other matters that are related the gambling operator is now likely to spend an approximate of $950 million.
Mr. Stratton explained that the costs consist of $614 million for construction and furnishings, and much more than $335 million for different land improvements, application and permit charges, host community agreements, and so many more.
During the Thursday meeting, Commissioner Enrique Zuniga said that the increase in costs had been a severe matter and that he expected more comprehensive information about it. (suite…)