New Financial Partner Found for Milford Casino

Last week the developers of the proposed Milford casino announced a new financial partner, Gaming and Leisure Properties Inc., which will provide the 55% of funding still needed for the project.
The company has signed onto the Crossroads proposal to build a $1 billion, 980,000 square-foot resort casino in Milford.

Gaming and Leisure Properties Inc. has signed to provide the remaining 55% of funding needed for the Milford casino project.
David Nunes, the Chief Development Officer for Crossroads said that “This is the most positive news you could ever ask for, to know that this thing is fully funded, with an incredible partner that understands gaming and that gets the business.”
In other good news for the project, it has passed its compulsory state background check and now a referendum will be help which will put the fate of the project in the hands of voters. The state gambling commission ruled unanimously that the Milford partnership is suitable to submit a bid.