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 said changes consist of the replacement of a 25-story cup hotel tower by having a 6-story framework and a 9% decrease in the project’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby and the four commissioners that when authorized, the said changes would boost effectiveness, satisfy consumer needs, and remove unnecessary room.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also provided state gambling officials with increased information about the $150-million escalation in costs. In line with the plan that is initial the construction associated with the MGM Springfield casino resort could have cost $800 million. Following design modifications along with other relevant things, the gambling operator happens to be expected to spend an approximate of $950 million.
Mr. Stratton explained that the expenses consist of $614 million for construction and furnishings, and much more than $335 million for different land improvements, application and permit fees, host community agreements, and a whole lot more.
Throughout the Thursday meeting, Commissioner Enrique Zuniga said that the increase in expenses had been a severe matter and that he expected more comprehensive information about any of it. Continue reading MGM Springfield Provides MassGaming with Details on Casino Project Modifications