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opening day . There’s also several road closures in the area and “no parking” zones near the resort. Road closures for opening weekend at MGM Springfield. —City of Springfield/Screenshot Areas near MGM Springfield will be “no parking” zones during opening weekend. —City of Springfield/Screenshot Police are asking visitors to park at the Eastern States Exposition, at 1305 Memorial Ave., and take a complimentary shuttle to downtown Springfield.
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of Little Rock, Arkansas. Cappelli granted the sellers, now organized as Resort Group Investors, a “carry forward interest” on his project, contingent on government gaming approvals. The investors also negotiated the right to compel Cappelli to buy back their interests for $3 million, after final gaming approvals. In 2005, Cappelli partnered with Empire Resorts Inc., the owner of a harness racetrack at nearby Monticello to develop a casino, hotel and resort on the Concord land. Cappelli, the complaint states, acquired more than $24 million in Empire Resorts stock, from 2004 to 2012 and was named to the board of directors. In 2008, the land was used as collateral for a $225 million loan from EPR Properties in Kansas City to finance the casino and resort. In 2010, Cappelli, Empire and EPR partnered on a new casino development deal. Cappelli, the complaint states, was required to secure and personally guarantee $275 million in financing by the end of 2011. By then, he had had a “falling out” with Empire Resorts, the complaint states, had left the board and was no longer part of the casino venture. The New York State Gaming Commission granted a license to Empire Resorts in 2015 and an operation certificate this year.
For the original version including any supplementary images or video, visit https://westfaironline.com/105792/investors-in-defunct-casino-project-sue-louis-cappelli-for-3m/