MGM Springfield Provides MassGaming with Precisely Casino Project Modifications
Officials for MGM Springfield presented on Thursday 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.
The said improvements include the replacement of a 25-story cup hotel tower having 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 and the four commissioners that when authorized, the said changes would boost efficiency, meet customer needs, and eliminate unnecessary space.
Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally supplied state gambling officials with additional details about the $150-million boost in expenses. According to the initial plan, the construction of the MGM Springfield casino resort might 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 more than $335 million for different land improvements, license and application costs, host community agreements, and a whole lot more.
During the Thursday meeting, Commissioner Enrique Zuniga stated that the increase in expenses was a severe matter and that he expected more comprehensive information about any of it. Continue reading