MGM Mirage says it will build the resort’s most expensive casino on land in the Marina District it now calls Renaissance Pointe.
By JOE WEINERT
ATLANTIC CITY – The casino company whose executives enjoy speaking in superlatives plans to spend a record amount on its proposed Atlantic City casino hotel.
“The Borgata’s cost is $1.035 billion. The project we will do, based on some early due diligence, will be in excess of that number but probably less than $1.5 billion. I would lean toward the upper end of that scale,” MGM Mirage executive John Redmond said Monday in a telephone interview.
Currently, Trump Taj Mahal Casino Resort boasts the city’s highest construction price tag at $1 billion. Borgata, half-owned by MGM Mirage, is budgeted to surpass that figure.
MGM Mirage also owns the country’s most expensively built casino, Togel the $1.6 billion Bellagio in …