MGM Springfield Provides MassGaming with Precisely Casino Project Modifications
Officials for MGM Springfield provided 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 alterations include the replacement of a 25-story cup resort tower with a 6-story framework and a 9% lowering of the task’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby therefore the four commissioners that if approved, the said changes would improve effectiveness, fulfill consumer demands, and remove space that is unnecessary.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also provided state gambling officials with increased information regarding the $150-million increase in expenses. Based on the initial plan, the construction of the MGM Springfield casino resort would have cost $800 million. Following design changes along with other matters that are related the gambling operator is now 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 costs, host community agreements, and a whole lot more.
Throughout the Thursday conference, Commissioner Enrique Zuniga said that the rise in expenses was a severe matter and that he expected more comprehensive information about any of it. […]