The State Gaming Commission has given MGM more time to decide the future of a historic apartment block.
This was approved by Springfield’s City Council months ago but was just recently given the okay by the Massachusetts Gaming Commission.
The historic 31 Elm Street block of apartments in Court Square has been abandoned for years. MGM’s plan is to invest $11 million to redevelop the property into market-rate housing for the city.
Even if MGM decides the Elm Street block is too expensive to redevelop they are still on the hook to create about 54 units of market-rate housing as part of fulfilling their host community agreement.
Springfield’s Chief Development Officer, Kevin Kennedy says the historic nature of the building is creating some problems.
“It’s just that the project is taking longer than everyone expected,” Kennedy told 22News. “Especially when it is probably one of the most difficult projects in the downtown to complete but it’s also one of the most important projects so it’s just taking a little longer.”
Kennedy also says the age and design of the building are a challenge along with finding parking for future tenants.
The State Gaming Commission has given MGM until March 1 of next year to make their final commitment.