Printer Friendly

Borgata Hotel in Atlantic City opens. (Hotel Development).

The $1.1 billion, 2,002-room, 4.195 million SF Borgata Hotel, Casino & Spa threw open its doors just before midnight on July 2 at Renaissance Point in Atlantic City, marking the opening of the first new hotel casino there in 13 years.

Executives of joint-venture owners Boyd Gaming Corporation and MGM MIRAGE led the first throw of the dice along with celebrities from the film, fashion and entertainment worlds. Immediately following, thousands of patrons flowed in throughout the night to get their first glimpe of Atlantic City's new, premiere travel destination.

At official ceremonies in the main ballroom, attended by New Jersey Governor James McGreevy and Atlantic City Mayor Lorenzo Langford, the Borgata's CEO Bob Boughner said, "I want to thank all the people at Yates/Tishman who helped bring in this project on time and on budget."

Tishman Construction Corporation and Yates Construction Company are joint-venture construction managers for the project.

Don Snyder, Boyd Gaming Corp. president, noted, "We are very proud that this project came in on time and on budget. That was very important to us. No other project in this town has done that."

Ground was broken September 2000 and progressed on a 33 1/2-month fast track schedule, as work proceeded simultaneously on the guest room high-rise, casino/retail low-rise, and infratructure and landscaping.

William Boyd, chairman and CEO of Boyd. Gaming Corp., said, "This project has exceeded my expectations. I am so proud of what we have accomplished since first announcing this development in 1996.

Designed in classic Italian style, the casino's guest rooms and suites include six tiers of accommodation--1,600 classic rooms, 313 fiore suites, 8 studio suites, 39 opus suites, 40 piatto suites and 2 residences.
COPYRIGHT 2003 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 30, 2003
Previous Article:Hotel rehab projects may be eligible for tax credits. (Hotel Development).
Next Article:Brookfield contracts with Genergy. (Technology Update).

Related Articles
Hoteliers upbeat.
Prime Hospitality makes $200M expansion commitment.
Marriott holds triple ribbon-cutting in NY.
MGM Grand.
View from Atlantic City: in its heyday, Atlantic City used to be the 'Queen of the Coast'--now it is trying to bring some life back to its soulless...
Yates, Tishman to manage $547m Atlantic City project.
Hillier Architecture.
Region II holds tax forum in Atlantic City.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters