MGM Springfield Provides MassGaming with Precisely Casino Project Modifications
Officials for MGM Springfield delivered 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 consist of the replacement of a 25-story cup hotel tower with a 6-story framework and a 9% reduction in the project’s overall footage that is square. MGM Springfield officials told MassGaming Chairman Steve Crosby while the four commissioners that when approved, the said changes would improve efficiency, meet consumer needs, and eliminate space that is unnecessary.
Seth Stratton, Vice President and General Counsel of MGM Springfield, also supplied state gambling officials with more information about the $150-million upsurge in expenses. Based on the plan that is initial the construction for the MGM Springfield casino resort would have cost $800 million. After the design modifications along with other matters that are related the gambling operator happens to be likely to spend an approximate of $950 million.
Mr. Stratton explained that the expenses include $614 million for construction and furnishings, and much more than $335 million for various land improvements, license and application charges, host community agreements, and so many more.
Throughout the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in expenses was a severe matter and that he expected more comprehensive information about this. (more…)