Mirage Resorts and Pequots Outline Bridgeport Casino Development Plans
NEWINGTON, Conn. (AP) _ Mirage Resorts Inc. and the Mashantucket Pequot tribe on Thursday pitched two separate plans for a casino resort in Bridgeport, Conn., that would general new jobs and revenue for the city and state.
Mirage Chairman Steve Wynn outlined his proposal for a $900 million gambling-entertainment resort that would generate $240 million a year in new taxes.
G. Michael Brown, president of the Pequots’ Foxwoods Casino, unveiled a $575 million proposal, saying the tribe could have a temporary casino in operation within five months of legislative approval.
Both plans were presented to the Division of Special Revenue at the Connecticut Lottery headquarters. The division must make its recommendation to Gov. John G. Rowland by Sept. 29.
The Mirage project would be known as the HarbourTowne Resort, and would include a resort hotel, waterfront amphitheater, night club, and movie and shopping complexes, Wynn said.
It would create 10,500 new jobs as well as an additional 10,500 indirect jobs, and generate $240 million annually in new taxes for the city and the state, he said.
The Pequots’ proposal also includes hotel, shopping and entertainment facilities, and would be patterned after the tribe’s wildly successful Foxwoods casino in northern Connecticut, recognized as one of the world’s most profitable gambling operations.
Foxwoods in the only gaming casino in the state.
``We foresee being able to provide 9,000 jobs,″ Brown said. ``We have a proven track record. Our casino, which was started on a $60 million investment just 3 1/2 years ago, now has capital assets worth $600 million.″
Both groups said their resorts would be built in phases. Brown said Foxwoods would put a temporary casino in an existing building while the first phase of the permanent casino is under construction.
Wynn said his company could begin construction of a temporary casino by April.