17 Jan 2020

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 changes to the $950-million resort and casino resort the gambling operator is building in downtown Springfield.

The stated customizations include the replacement of the 25-story glass resort tower with a 6-story framework and a 9% reduction in the project’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby as well as the four commissioners that if approved, the said changes would improve effectiveness, meet client demands, and eliminate unnecessary space.

Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally provided state gambling officials with an increase of information regarding the $150-million increase 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 the design modifications as well as other related things, the gambling operator is now anticipated to invest an approximate of $950 million.

Mr. Stratton explained that the costs consist of $614 million for construction and furnishings, and more than $335 million for various land improvements, application and permit charges, host community agreements, and a whole lot more.

Through the Thursday conference, Commissioner Enrique Zuniga said that the increase in costs had been a severe matter and that he expected more comprehensive information about this. read more

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