Sunday, May 19, 2013

Ca$hing Out on Ca$inos: Don't Bet on Boxborough

"Developer unveils plan for slot parlor in Boxborough; Would cost $200 million" by Mark Arsenault  |  Globe Staff, May 07, 2013

BOXBOROUGH — A Maryland casino developer would transform a Holiday Inn off ­Interstate 495 in this small town into a gleaming $200 million hotel and slot parlor, under the final proposal submitted by 11 original commercial casino applicants seeking gambling rights in Massachusetts.

The plan calls for the Cordish Companies to buy, renovate, and expand the existing hotel and rebrand the property as a boutique hotel and casino, Joe Weinberg, Cordish managing partner, said Tuesday. Part of the existing building would be demolished and replaced on a 20-acre site in a wooded area.

The project would include several restaurants, including a buffet, an entertainment area, meeting space, spa and fitness facilities, and — by state law — as many as 1,250 slot machines. It would employ 700 to 750 people, according to Cordish....

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Also see:

Boxborough selectmen crush slots parlor plan
Casino firms face complications in Southeastern Mass.
Plan calls for slots parlor in Danvers
Plainridge racetrack gambling on slots parlor bid