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Two Possible Casino Developers Submit $25K Grants to Holyoke

HOLYOKE, Mass. (WGGB) – Two firms interested in developing a casino in the Paper City have submitted their “grants” to the city in time for the quick deadline.

Thursday, Holyoke Mayor Alex Morse announced the process the city will use for any casino projects proposed there and sent out letters to three firms that had expressed interest: Paper City Development, Eric Suher from Iron Horse Entertainment, and Charles Petitti of Holyoke-NonProfit.

One of the conditions Morse set was that any interested would have to submit a $25,000 “grant” to the city by Friday.

That money, Morse noted, would be used solely for the “initial costs of reviewing the proposals to facilitate the appropriate level of review of [their] proposal.”

Holyoke’s Director of Planning and Economic Development Marcos Marrero tells ABC40 that Eric Suher and Paper City Development both have submitted their grants to the city.

“The reason why we asked for it for today was so we could bring it before the City Council so they could approve acceptance of the grant,” Marrero says.

The City Council would have to vote on accepting those grants at Tuesday’s meeting.

The next deadline for Holyoke developers is December 21, at which time they will have to have a “project concept” to the city.

The state’s gaming commission has set a January 15, 2013 deadline for any developer statewide to have their proposals into them for review along with their $400,000 application fee.

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