MGM Springfield Provides MassGaming with Precisely 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 changes consist of the replacement of a 25-story glass resort tower by having a 6-story framework and a 9% decrease in the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby and the four commissioners that when authorized, the said changes would improve effectiveness, fulfill client needs, and eliminate space that is unnecessary.
Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally supplied state gambling officials with an increase of information regarding the $150-million escalation in costs. In line with the plan that is initial the construction regarding the MGM Springfield casino resort might have cost $800 million. Following a design modifications along with other matters that are related the gambling operator is now expected to invest 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 various land improvements, license and application charges, host community agreements, and a whole lot more.
Through 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 any of it. Continue reading “MGM Springfield Provides MassGaming with Precisely Casino Project Modifications”