Massachusetts’ 2011 Expanded Gaming Act<\/a>, the state’s three resort casinos and slots parlor must enter into compacts with nearby towns that might be impacted by the addition of a commercial gambling venue.<\/p>\nThe casinos are required to offset the economic effect of their presence by providing “resources” to local communities. That’s of course jargon for “here’s some money, now leave us alone.”<\/p>\n
Under its Surrounding Community Agreement, the City of Chicopee, the nearest town north of Springfield, is guaranteed to receive $850,000 annually from MGM. But at 20 miles north, the MGC didn’t deem Northampton a “surrounding community.”<\/strong><\/p>\nThe $100,000 grant will come out of the Community Mitigation Fund, which is subsidized through revenue generated from the issuing of gaming licenses. MGM paid $85 million for its license, as did Wynn Resorts for its property four miles outside of Boston, the Wynn Boston Harbor, which is scheduled to open in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
The MGM Springfield in Massachusetts will cost $10 million more than previously expected, as officials revealed that the price tag for the integrated resort will now total $960 million. Springfield officials accepted updated design documents from MGM on Thursday, which brings the conception process to 95 percent completion. The latest plans cover everything from exterior […]<\/p>\n","protected":false},"author":42,"featured_media":59660,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Massachusetts MGM Springfield Upgraded to $960 Million Resort<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n