MGM Springfield Provides MassGaming with Precisely Casino Project Modifications
Officials for MGM Springfield introduced 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 alterations include the replacement of the 25-story cup resort tower having a 6-story structure and a 9% decrease in the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby and also the four commissioners that when approved, the said changes would boost efficiency, meet customer needs, and remove unneeded room.
Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally supplied state gambling officials with more information about the $150-million upsurge in costs. According to the plan that is initial the construction of this MGM Springfield casino resort could have cost $800 million. Following a design modifications and other matters that are related the gambling operator is now expected to spend an approximate of $950 million.
Mr. Stratton explained that the costs include $614 million for construction and furnishings, and much more than $335 million for different land improvements, application and permit costs, host community agreements, and many more.
Throughout the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in costs was a serious matter and that he expected more comprehensive information about this. Read More