A developing firm that's had it's eye on New Bedford's waterfront for a possible casino is chomping at the bit to move forward.

The Massachusetts Gaming Commission announced last week it will allow commercial developers to bid on a casino license in "Region C", where tribal preference was previously given.

Andrew Stern, managing director of K.G. Urban Enterprises says the firm's plans for the Cannon Street Power Station surpass the typical casino proposal route.

Stern says K.G. Urban is prepared to take over the power station, relocating NStar workers to the Industrial Park.

Extensive clean-up is also needed on the site. Stern says over $400-million and about two years is needed to have a functional casino on-site.

The Gaming Commission has yet to announce when bids will be accepted.