{"id":30287,"date":"2015-08-04T14:40:50","date_gmt":"2015-08-04T21:40:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=30287"},"modified":"2015-08-04T14:42:58","modified_gmt":"2015-08-04T21:42:58","slug":"new-bedford-casino-project","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/","title":{"rendered":"New Bedford Considering Options Following Loss of Casino Project"},"content":{"rendered":"
\"New
New Bedford officials are looking for other ways to improve their city after KG Urban dropped out of an anticipated casino resort development. (Image: TurnTo10.com)<\/figcaption><\/figure>\n

A new casino was supposed to be exactly what the city of New Bedford needed to turn things around.<\/p>\n

But the southeastern Massachusetts city won\u2019t be getting a new resort, and with that and other projects suddenly evaporating, city officials are upset and uncertain about how to move forward.<\/p>\n

Along with the casino, there was also the possibility of hosting Olympic sailing competitions in 2024.<\/p>\n

But with Boston dropping out of the race for the Summer Olympics, any hopes of international competition coming to the city were quickly dashed last week.<\/p>\n

New Bedford in Need of Economic Development<\/b><\/h2>\n

In a state that is among the wealthiest in the country, New Bedford is a working class enclave with relatively high unemployment levels.<\/p>\n

And while the situation has improved in recent years, it is still far behind the rest of the state economically, something a casino was supposed to fix.<\/p>\n

But KG Urban Enterprises<\/a> announced late last month that they would no longer be pursing the $650 million waterfront development plan that city residents had overwhelmingly shown support for.<\/p>\n

According to officials at KG Urban, it has simply become impossible to get enough financing to fund the project, due in large part to the possibility of competition from a local Native American tribe in the future.<\/p>\n

\u201cKG Urban\u2019s decision to abandon the Cannon Street project is an extreme disappointment and a great shock given that its CEO Barry Gosin had led everyone to believe he would have the necessary funds to build the project,\u201d Mayor Jonathan Mitchell said in a statement after the company pulled out of the casino licensing race. \u201cSo city residents and its leadership are all understandably upset by [KG Urban CEO Barry Gosin\u2019s] decision.\u201d<\/strong><\/p><\/blockquote>\n

Had the casino ultimately won the battle for the third casino license (only one other proposal, at the Brockton Fairgrounds, seems viable at this point), it may well have become the largest employer in the city, something that city lawmakers had hoped would cut deeply into the unemployment rate.<\/p>\n

Now, with that dream dead, New Bedford is now turning its eyes to smaller projects that they hope will produce returns.<\/p>\n

\u201cWe\u2019re continuing to hit the singles and doubles of economic development,\u201d Mayor Mitchell told the Boston Globe. \u201cThere isn\u2019t anything sexy about those types of efforts.<\/p>\n

They don\u2019t garner the headlines that casino projects do. But that\u2019s what it takes.\u201d<\/p>\n

Support Sought for Cleanup of Casino Site<\/b><\/h2>\n

New parks are being developed, and businesses are taking advantages of improvements to the roads and sidewalks in the city.<\/p>\n

And officials are still hoping that they can get support to clean up the former power plant site in the harbor, the location where it was hoped the casino would be built.<\/p>\n

That cleanup was expected to be a part of the $650 million in development pledged by KG Urban as a part of the casino resort project.<\/p>\n

Now, several state representatives are asking the Massachusetts<\/a> Department of Environmental Protection to figure out who, if anyone, will clean up the contaminated site.<\/p>\n

\u201cGiven the seriousness of the violations that have occurred at this location, including the release of materials into New Bedford Harbor, we expect that the Department will vigorously pursue and insist upon remediation at the site consistent with those actions agreed to be undertaken by KG Urban,\u201d five state representatives wrote in a letter to the commissioner of the Department of Environmental Protection.<\/p>\n

KG Urban had estimated that it would take about nine months and $50 million to properly decontaminate the site. Currently, the land is owned by Eversource and Sprague Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new casino was supposed to be exactly what the city of New Bedford needed to turn things around. But the southeastern Massachusetts city won\u2019t be getting a new resort, and with that and other projects suddenly evaporating, city officials are upset and uncertain about how to move forward. Along with the casino, there was […]<\/p>\n","protected":false},"author":42,"featured_media":30288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13,18],"tags":[],"acf":[],"yoast_head":"\nNew Bedford Considering Options Following Loss of Casino Project<\/title>\n<meta name=\"description\" content=\"New Bedford is reeling after a proposed casino development fell apart, but city officials still believe smaller projects can help reinvigorate the city.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Bedford Considering Options Following Loss of Casino Project\" \/>\n<meta property=\"og:description\" content=\"New Bedford is reeling after a proposed casino development fell apart, but city officials still believe smaller projects can help reinvigorate the city.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-04T21:40:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-08-04T21:42:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/Unknown.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/\",\"url\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/\",\"name\":\"New Bedford Considering Options Following Loss of Casino Project\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/Unknown.jpeg\",\"datePublished\":\"2015-08-04T21:40:50+00:00\",\"dateModified\":\"2015-08-04T21:42:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"New Bedford is reeling after a proposed casino development fell apart, but city officials still believe smaller projects can help reinvigorate the city.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/new-bedford-casino-project\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/Unknown.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/08\/Unknown.jpeg\",\"width\":300,\"height\":168,\"caption\":\"New Bedford officials are looking for other ways to improve their city after KG Urban dropped out of an anticipated casino resort development. 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