MGM Springfield Provides MassGaming with Precisely Casino Project Modifications
Officials for MGM Springfield presented 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 modifications consist of the replacement of the 25-story glass hotel tower by having a 6-story framework and a 9% decrease in the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby therefore the four commissioners that if authorized, the said changes would boost efficiency, satisfy customer needs, and remove space that is unnecessary.
Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally supplied state gambling officials with additional information regarding the $150-million increase in costs. Based on the plan that is initial the construction regarding the MGM Springfield casino resort would have cost $800 million. Following a design changes along with other relevant things, the gambling operator is now anticipated to invest 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 charges, host community agreements, and a whole lot more.
Through the Thursday conference, Commissioner Enrique Zuniga said that the rise in expenses was a serious matter and that he expected more comprehensive information about it. Continue reading MGM Springfield Provides MassGaming with Precisely Casino Project Modifications