MGM has reaffirmed its commitment to build a resort casino in Springfield, Massachusetts and now plans to spend an additional $150 million in the project.
MGM will invest $950 million to develop the resort casino in Springfield despite design changes that reduce the size of the project, and eliminate a 25-story hotel tower.
MGM President Bill Hornbuckle announced the new budget for the project at a presentation Wednesday night for city officials and residents.
"We are fully committed to this," Hornbuckle assured the audience of about 250 people in the City Stage theater. " We are going to get this done to a point where you will all be exceptionally proud of it."
Hornbuckle said most of the downsizing is in areas that don’t impact the public including a loading dock and an employee dining room.
The proposed changes must be approved by the Springfield mayor and city council and the Massachusetts Gaming Commission.
Public skepticism about MGM’s commitment to the Springfield casino festered after the company revealed in regulatory filings plans to shrink the project by 122,000 square feet.
