MGM Springfield Provides MassGaming with Details on Casino Project Modifications
Officials for MGM Springfield presented on Thursday the Massachusetts Gaming Commission with details about the proposed modifications to your $950-million resort and casino resort the gambling operator is building in downtown Springfield.
The stated customizations include the replacement of the 25-story cup hotel tower having a 6-story framework and a 9% lowering of the project’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby while the four commissioners that if approved, 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 provided state gambling officials with additional information about the $150-million boost in costs. In line with the plan that is initial the construction associated with the MGM Springfield casino resort might have cost $800 million. Following a design changes along with other matters that are related the gambling operator happens to be expected to invest 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, application and permit fees, host community agreements, and a whole lot more.
Throughout the Thursday meeting, Commissioner Enrique Zuniga said that the rise in expenses was a serious matter and that he expected more comprehensive information about this. read more