A former hotel, Tivoli, located in Biloxi, has been identified as a potential venue for a new casino. At least this is the dream a specific developer has had and is looking to convert the beachfront property into the latest casino in Mississippi. Biloxi Capital has initiated the first step by filing a notice of intent one week ago seeking permission to convert the massive development into a resort.
As stated in calvinayre, Biloxi Capital bought the land close to 13 years ago for about $40 million. The firm has not been able to develop it to date. The property sits next to Biloxi Yacht Club. Additionally, the area in which the land is located is currently was zoned to be used for gaming since the year 2007. Therefore, there is a 50 percent chance that the new casino development will be given the green light.
According to Biloxi’s notice, the firm anticipates that the casino establishment will have close to 10000 square feet worth of gaming space, 2000 slot machines, and more than 75 tables. Besides, the new project will consist of 1300 hotel rooms, 100000 square feet worth of convention space and many other beneficial amenities.
The man behind the investment is one Danny Conwill stated that the project would cost close to $600 million if the project were approved.
This proposal has had some support at essential levels. The Mayor of Biloxi, Andrew Gilich, heard about the plan and stated that the project would be located right in the middle of the Biloxi waterfront where most of the city’s development projects are located.
Another authority figure, Councilman Felix Gines, agrees. He stated that such a development would stimulate other essential projects like retail development and housing. There is no better area in the Biloxi area to cause growth than where the project will be located.
The next step for Biloxi Capital is to make an application with MGC seeking for approval. Allen Godfrey, executive director of the commission has wind of the applicant and is eagerly waiting for the actual request from the investor. If things go well, Biloxi hopes to begin the project sometime in December.