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MassDOT Secretary, Casino Developers Speak at Southcoast Breakfast

TSMBusiness leaders from across the Southcoast were updated on several ventures this morning.

The New Bedford Area Chamber of Commerce’s “Good Morning Southcoast” breakfast invited MassDOT Secretary and CEO Richard Davey, along with representatives from K.G. Urban Enterprises.

Secretary Davey said the governor is currently in Washington, D.C. lobbying for the Southcoast Rail project, speaking with officials from the EPA and U.S. Army Corps of Engineers.

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Davey says a deal between the state and CSX Corp. is set to close within the next few weeks, clinching rail lines that run from Boston to New Bedford and Fall River to be used for commuter rail.

Representatives from K.G. Urban Enterprises boasted the benefits of a local casino. The firm is looking to re-tool the Cannon Street Power Station on New Bedford’s waterfront into a casino, but the state’s law to give tribal casinos preference on land in trust on the Southcoast puts groups like K.G. behind the 8-ball.

K.G. Managing Director Andrew Stern spoke at the breakfast, and hopes an upcoming court ruling will give fair play to K.G. and other casino developers.

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Stern says a casino on New Bedford’s waterfront would create thousands of permanent jobs.

Equity Partner and Principal to K.G. Urban Enterprises, Newmark Grubb Knight Frank CEO Barry Gosin also outlined the potential business and community opportunities tied in with a local casino.

 TSM

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