MGM Resorts, Springfiled, MA Mayor Sarno sign HCA, transmittal letter

theflyonthewall.com

MGM Resorts and the City of Springfield marked the signing of a Host Community Agreement, or HCA, that incorporates more than $25M in annual payments for Springfield should MGM win the Western Massachusetts operator's license. At a ceremony this morning at the MassMutual Center, MGM Resorts and MGM Springfield President Bill Hornbuckle signed the agreement for MGM and Springfield Mayor Domenic J. Sarno signed a transmittal letter that accompanied the HCA to the Springfield City Council for its review. Required under the 2011 Massachusetts gaming law, an HCA is a comprehensive document that determines the conditions for locating a gaming establishment in a community. The HCA calls for MGM Resorts to make upfront and advance payments, totaling $15M to the City of Springfield. The upfront payment will be distributed to the city in installments during the construction phase of the project. When MGM Springfield opens for business, the city will receive in excess of $25M annually in payments.

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