Mississippi is gearing up for a new casino at the former Tivoli Hotel. A development company called Biloxi Capital is interested in giving Biloxi another gambling facility. The company has filed an application with the authorities to build a new hotel and casino at the property of the former hotel.
Biloxi Capital already owns the property
Tivoli Hotel was one of the landmarks of the city of Biloxi since the 1930s. In 1984, it was also added to the National Register of Historic Places. However, its building was damaged beyond repair after Hurricane Katrina and later demolished.
The development company bought the hotel’s land for $40 million about 13 years ago but never planned construction there. The land has been lying idle for over a decade in an area that has already been approved as a gaming zone. Given the pre-existing situations, it is highly likely that Biloxi Capital will get the authorities’ approval to build its own casino.
According to a notice, the facility has about 100,000 square feet of gaming space. It will feature more than 2,000 slot machines and at least 75 table games. The hotel constructed in the region will have about 1,300 rooms alongside a 100,000 square feet convention space. It could add a few other amenities on the premises if the Mississippi Gaming Commission approves.
A brand-new facility for the state
Danny Conwill, a well-known real estate developer, is connected with Biloxi Capital and the project. He confirmed the details about the project and said that it would take approx. $600 million to develop the area. Some key authority figures in Biloxi, including Mayor Andre Gilich, support the idea of a new casino. Gilich mentioned that the new facility would be located “in the very heart of the East Biloxi waterfront area.” He noted that the new development would complement several other initiatives that the city officials are working on.
Councilman Felix Gines also agrees that the development will provide a launchpad to several such initiatives in the area. This could help in the growth of retail and housing in the city. Biloxi Capital has sent a notice to the Gaming Commission stating its intent. The Commission is reviewing their request. It’s executive director Allen Godfrey said that he has checked the notice and is waiting for an official application filing by the company. The Commission will only decide the fate of the company’s plan once it sends them an official application.