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MGM Springfield Provides MassGaming with Details on Casino Project Modifications

Friday, January 17th, 2020

MGM Springfield Provides MassGaming with Details on 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 said alterations consist of the replacement of the 25-story glass hotel tower with a 6-story framework and a 9% lowering of the task’s overall square footage. MGM Springfield officials told MassGaming Chairman Steve Crosby and also the four commissioners that if authorized, the said changes would improve effectiveness, meet customer demands, and eliminate unneeded area.

Seth Stratton, Vice President and General Counsel of MGM Springfield, additionally provided state gambling officials with increased information regarding the $150-million increase in costs. In line with the initial plan, the construction associated with the MGM Springfield casino resort would have cost $800 million. Following the design modifications as well as other relevant issues, the gambling operator has become expected 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, application and permit charges, host community agreements, and many more.

Through the Thursday conference, Commissioner Enrique Zuniga said that the increase in expenses had been a severe matter and that he expected more comprehensive information about it. (more…)