Tribe Unveils Plans for Foxwoods at Biloxi Pointe
(From the Mashantucket Pequot Tribal Nation) and City of Biloxi GCN 6/7/16
The Mashantucket (Conn.) Pequot Tribal Nation announces its plans for the development and operation of a Foxwoods-branded, casino resort, to be located at Biloxi Pointe in historic Biloxi, Miss. Through a new strategic partnership, the Mashantucket Pequot Gaming Enterprise will partner with Biloxi Boardwalk Ventures, LLC, Chris Ferrara, sponsor; and with The Hartmann Group, LLC, the resort's project management company.
“This is an exciting opportunity to not only expand geographic diversification for the Foxwoods brand, but also leverage our management expertise well beyond New England,” says Rodney Butler, chairman of the Mashantucket Pequot Tribal Council.
“Biloxi, Miss. is a proven destination tourism market, with its near-perfect, year round climate, casual coastal vibe and exciting nightlife-all of which provides a perfect location to feature our world-class entertainment offerings," says Felix Rappaport, president and CEO of Foxwoods Resort Casino.
The new Foxwoods Resort Casino at Biloxi Pointe will be a $265 million premier, service-centric destination resort and casino located on a 23-acre site in the Back Bay area of Biloxi. Easily accessible from the metropolitan regions of New Orleans, Birmingham, and Atlanta, the casino resort will deliver an unparalleled gaming, leisure and meetings experience to the 9 million people living within the 300-mile radius market spanning Mississippi, Louisiana, Alabama, Georgia and Florida.
Biloxi Boardwalk Ventures, LLC, Managing Member Chris Ferrara says, “The agreement with Foxwoods and The Hartmann Group fulfills a dream to develop this site and stimulate economic development by creating thousands of new construction and service jobs for the residents in the East Biloxi and regional communities.�
Spanning 23 acres of Biloxi Bay's pristine shoreline, Foxwoods Resort Casino at Biloxi Pointe will employ several thousand regional and local residents in construction, resort and gaming operations. When completed, the 781,000 square foot full-service complex will feature both gaming and non-gaming amenities, including approximately 50,000 square feet of casino space, a 500-room hotel and 71,000 square feet of meeting and exhibition space, along with a variety of authentic, regional dining options, retail, spa and outdoor entertainment attractions.
“We're encouraged by today's announcement of preliminary plans for a new resort development in east Biloxi,” says Biloxi Mayor Andrew “FoFo” Gilich. “Chris has been working on this for many years and the partnership with the Mashantucket Pequot Tribe will certainly energize this project. This development has an opportunity to strengthen the Biloxi gaming market by adding a dynamic new resort that will help attract new visitors to the area. I'm eager to see their final design plans they are considering to help grow the market."
Gilich added that the Biloxi Pointe development will enable the Fifth Street extension to U.S. 90 and complete the “Casino Loop” to Back Bay that has been envisioned for years."This investment confirms what we have always felt," Gilich added: “That Biloxi is the "right spot."”
Detailed programming and design plans are currently in development, with a grand opening tentatively planned for the Spring of 2019. For more information and project development images, visit biloxipointecasino.com.
Foxwoods Resort Casino at Biloxi Pointe Sponsor Chris Ferrara and his Senior Management Team of Bill Kilduff, Stephen Turpin, Jr. and Keating Consulting, LLC, were advised by El Segundo, Calif.-based TFA Capital Partners in its initial selection of The Hartmann Group, LLC as manager and subsequently advised Mr. Ferrara on the addition of the Mashantucket Pequot's as co-manager with The Hartmann Group, LLC and as a strategic equity investor. Going forward, TFA Capital Partners will principally focus on the raising of additional equity and junior debt capital to complete the financing package (TFACP.com).
Released by Vincent Creel and Cecilia Dobbs Walton