This coming Tuesday, the Biloxi City Council will be hearing a plan to create a $1.1 billion casino resort at the former site of the Broadwater Beach Resort. Developers are hoping the Council will approve the project for a Mississippi tourism rebate incentive. The 266-acre property will be transformed if the project is approved, with a casino, hotel, spa, and golf course, among other planned amenities.
The project can participate in the state’s Tourism Project Incentive Program due to the fact that they will offer a hotel, golf course, etc. There are certain requirements to be eligible for the program. A private investment of at least $10 million is required for the resolution. The developer of the project has big plans, telling the Sun Herald that more details will be announced soon.
A percentage of the sales tax that is generated by the project would be used to help cover the cost of construction. Broadwater Development LLP is the developer behind the project. They expect the Biloxi resort to provide just over 2,500 employment positions, both part-time and full time.
A Unique Property:
Broadwater Development has provided insight into the history of the Broadwater Beach Hotel, the area where they want to create the new casino resort. The property was luxurious and trendy in its day, having been built in 1939. The property had an illicit casino at one point and was visited by celebrities and politicians among regular joes in its heyday. Players came from across the country to enjoy the gaming facility.
With the new development, it will be the most expensive ever created in the south portion of the state. The estimated cost of $1.1 billion beats the previous high of $800 million when Steve Wynn constructed the Beau Rivage Resort & Casino in 1999.