Broadwater group proposes two casinos, resort in Biloxi
BILOXI, Miss. - Broadwater Development LLP will present plans for two casinos and a resort project on 261 acres to the Biloxi Planning Commission next week.
The total projected cost is more than $1 billion, officials said.
The plan calls for two casinos: one at the site of the Broadwater Hotel and another south of U.S. 90. Further development includes keeping the golf course and adding retail and entertainment venues, restaurants, housing and a marina.
“We’re looking for this to be a world class destination resort,” said Mark Calvert of Cascade Capital Group, the development’s project manager. “We have not made a decision yet as to which casino operator will be the best anchor for the overall project.”
Zoning would allow up to 10,000 housing units on the property, Calvert said, but Broadwater Development has opted to build a mixture of hotel rooms and condominiums.
The company plans to keep a marina at the site and allow yacht clubs, boat sales and other water-oriented uses.
The company bought 248 acres last year in a bankruptcy auction. Broadwater Development leases 21 more acres.
“It’s going to take a while to do everything,” Calvert said. “It’s not going to be instantaneous. It’s going to take five to seven years.”
Source: AP