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Springfield's three Casino options
More than $2.5 Billion in proposals
Updated: Friday, 12 Oct 2012, 7:24 PM EDT
Published : Friday, 12 Oct 2012, 5:28 PM EDT
SPRINGFIELD, Mass. (WWLP) -
Springfield has more than $2.5 Billion in casino proposals to choose from.
Three casinos developers have entered into Phase one of Springfield's casino selection process. That means they have paid a $50,000 application fee and handed in their proposals.
Three casinos developers still have a chance to build in Springfield. MGM, Penn National and Ameristar Casinos. MGM has a proposal in Springfield's South End. Penn National's proposal is in the cities North End. Ameristar Casinos handed in a proposal in East Springfield.
"You got any number of companies really putting their best foot forward showing their beautiful drawings, talking about at least $800-900 million in investments and that's largely a function of the competition", says Stephen Crosby, Massachusetts Gaming Commission Chairman.
Ameristar Casinos off of Page Boulevard in East Springfield has already bought its land.
It hasn't released any rendering of its project yet, but it's proposal calls for a more than $900 million casino. The most expensive proposal of any of the three proposals in Springfield.
"Our property is shovel ready. We don't have to relocate a business or a residence", says Ameristar Casinos Troy Stremming.
MGM the first casino developer to give us a glimpse of its plan. A casino in Springfield's South End. MGM's proposal calls for a more $800 million resort casino.
"In Las Vegas, 68 percent of our revenue there is non-gaming. So it is about the resort experience, it is about conventions", says MGM Springfield President Bill Hornbuckle.
Separated by less than mile. MGM's plan in Springfield's South End and Penn National's plan in the North End of the city. Penn National's prosposal calls for a more than $800 million resort casino. It is basing its strategy on revitalizing the North End.
"Penn national has a proven track of developing these types of urbran projects in cities like Springfield", says Eric Schippers of Penn National Gaming.
Springfield's Phase two will begin on November 1st. The city could select all three casinos to advance. Phase two will conclude with the city trying to work out a host agreement with at least one casino developer The State gaming commission has final say on which casino developer will get to build in Western Massachusetts. That decision isn't going to be made until 2014.
Three casinos developers have entered into Phase one of Springfield's casino selection process. That means they have paid a $50,000 application fee and handed in their proposals.
Three casinos developers still have a chance to build in Springfield. MGM, Penn National and Ameristar Casinos. MGM has a proposal in Springfield's South End. Penn National's proposal is in the cities North End. Ameristar Casinos handed in a proposal in East Springfield.
"You got any number of companies really putting their best foot forward showing their beautiful drawings, talking about at least $800-900 million in investments and that's largely a function of the competition", says Stephen Crosby, Massachusetts Gaming Commission Chairman.
Ameristar Casinos off of Page Boulevard in East Springfield has already bought its land.
It hasn't released any rendering of its project yet, but it's proposal calls for a more than $900 million casino. The most expensive proposal of any of the three proposals in Springfield.
"Our property is shovel ready. We don't have to relocate a business or a residence", says Ameristar Casinos Troy Stremming.
MGM the first casino developer to give us a glimpse of its plan. A casino in Springfield's South End. MGM's proposal calls for a more $800 million resort casino.
"In Las Vegas, 68 percent of our revenue there is non-gaming. So it is about the resort experience, it is about conventions", says MGM Springfield President Bill Hornbuckle.
Separated by less than mile. MGM's plan in Springfield's South End and Penn National's plan in the North End of the city. Penn National's prosposal calls for a more than $800 million resort casino. It is basing its strategy on revitalizing the North End.
"Penn national has a proven track of developing these types of urbran projects in cities like Springfield", says Eric Schippers of Penn National Gaming.
Springfield's Phase two will begin on November 1st. The city could select all three casinos to advance. Phase two will conclude with the city trying to work out a host agreement with at least one casino developer The State gaming commission has final say on which casino developer will get to build in Western Massachusetts. That decision isn't going to be made until 2014.
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