ATLANTIC CITY, N.J. and LAS VEGAS, MARCH 15 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) announced today that The Borgata resort and casino,
its joint venture with Mirage Resorts, Incorporated, received final approvals
for its site plan application and CAFRA (Coastal Area Facility Review Act)
Permit. The City of Atlantic City Planning Board granted preliminary and
final site plan approval for The Borgata earlier today, and the New Jersey
Department of Environmental Protection, Land Use Regulation Program, which
requires that all major projects located in the Coastal Area secure a CAFRA
permit, issued its permit for The Borgata on March 10.
The Planning Board also granted preliminary and final site approval for
onsite roadways and related infrastructure improvements providing access and
site circulation for The Borgata. The CAFRA permit includes approvals for
1,766 hotel rooms (first phase: 1,207 rooms), a health spa, 133,000 square
feet of casino space, 63,000 square feet of convention and meeting space, and
5,143 parking spaces with a bus terminal.
Commenting on the approvals, William S. Boyd, Chairman and Chief Executive
Officer of Boyd Gaming, said, "These are significant regulatory steps in
moving the exciting Borgata project forward. Our plans are nearly complete
and we are on track. We are looking forward to breaking ground late this
summer and expect construction to last approximately 30 months."
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a
leading diversified owner and operator of 11 casino entertainment properties
located in Nevada, Mississippi, Illinois, Indiana and Louisiana. For more
information on The Borgata or to follow the project's development progress,
visit theborgata.com or use AOL keyword: borgata.
Boyd Gaming press releases are available by facsimile through Company News
On-Call (800) 758-5804, extension 104550, or at prnewswire.com.
Additional news and information on Boyd Gaming can be found at
boydgaming.com.
SOURCE Boyd Gaming Corporation |
