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MGM Springfield Provides MassGaming with Precisely Casino Project Modifications

MGM Springfield Provides MassGaming with Precisely Casino Project Modifications

Officials for MGM Springfield provided on Thursday the Massachusetts Gaming Commission with details about the proposed modifications towards the $950-million resort and casino resort the gambling operator is building in downtown Springfield.

The said alterations consist of the replacement of a 25-story cup hotel tower by having a 6-story structure and a 9% decrease in the project’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby plus the four commissioners that if authorized, the said changes would improve efficiency, fulfill consumer needs, and eliminate unnecessary room.

Seth Stratton, Vice President and General Counsel of MGM Springfield, also supplied state gambling officials with more information about the $150-million escalation in expenses. According to the initial plan, the construction associated with the MGM Springfield casino resort could have cost $800 million. After the design modifications as well as other relevant matters, the gambling operator happens to be anticipated 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, license and application charges, host community agreements, and a whole lot more.

During the Thursday conference, Commissioner Enrique Zuniga said that the increase in expenses had been a serious matter and that he expected more comprehensive information about this. (more…)

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