Facing Housing Deadline, MGM Tells Regulators It's Committed To Court Square Project
MGM says it's "fully committed" to help redevelop a long-vacant building on Court Square in Springfield, Massachusetts.
Regulators had pushed the company to move forward with the deal by Thursday, or pick another project.
"This is not an MGM project," MGM Springfield lawyer Seth Stratton told the Massachusetts Gaming Commission on Thursday. "It's a project in which we would participate financially to help happen."
In a letter to the commission, Springfield's city solicitor, Ed Pikula, said officials are drafting an amendment to MGM's agreement with the city "to incorporate the project." That would need City Council approval.
But in his comments to regulators, Stratton left the company an opening to invest in a different project if financing comes up short.
"In the hopefully unlikely event that some material changes our perspective on whether this is more likely than not to move forward, we would certainly commit to communicating early and often with the gaming commission," he said.
Stratton said he expects more details of the Court Square project will be ready within a couple months.
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