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Developers say $800 million set for Massachusetts casino

BOSTON, Massachusetts -- As reported by The Boston Globe: "Developers hoping to build a resort casino along Interstate 495 in Milford revealed last night that they are prepared to inject up to $800 million initially into a project that could generate about 7,000 jobs.

"Offering some substance to the proposal for the first time publicly, developers David Nunes and Bill Warner came from Colorado and Las Vegas, respectively, to tell the Milford Board of Selectmen about what promises to be a hotly debated topic.

"The 'Crossroads Resort Project' on 200 acres could eventually, over years, accommodate 5,000 slot machines, 250 gaming tables, a 'couple of thousand' hotel rooms, about a dozen restaurants, a meeting and convention center, a nightclub, and retail businesses, said Warner. That could translate into about 7,000 jobs, most of which would be full time, with benefits, he said.

"'We are way ahead of the legislative process,' said Nunes, adding that they want to avoid a 'mad scramble' in the spring, by which time many believe the state will be ready with a law that allows casinos.

"For the first time last month, leadership in both the House and Senate voiced agreement with Governor Deval Patrick to allow casinos, although the number is expected to be limited..."

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