massachusetts gaming commission project update...

Massachusetts Gaming Commission

Project Update

March 5, 2015

Agenda

Activity since licensure

Construction Sequencing Diagram

Construction Schedule

Enabling Works

Outreach Activities

Project Delivery Method (CM v. GC)

Historic Commission

Activity Since Licensure

Paid $85 million licensing fee

Issued $52 million construction bond

Closed on ~$50 million of land

$1.75 million in SC payments

Submitted Diversity Plan to MGC

Hired first Project Employees

Vacating the site

Issuing Initial Construction Contracts

New Hires

New Hires

Conducting extensive tenant coordination meetings Commenced lease termination and tenant relocation process Retained tenant relocation consultant $750k in tenant payments

Site Preparation

Construction

The project timeline and other schedules included in this

presentation are for discussion purposes only and subject to further

modification. The final project timeline will be submitted to and

approved by the Commission pursuant to 205 CMR 135.02.

Schedule

Entitlements

Historic Commission

Update

Massachusetts Gaming Commission

Project Update

March 5, 2015