Mississippi Coast Entertainment, a limited partnership, has raised the $40 million needed to satisfy city leaders that a casino project is moving forward for the city’s harbor.
Robert Lubin, a Virginia attorney who manages the partnership, told the Sun Herald on Monday that the money is lined up to meet the city’s Feb. 28 deadline and he expects to return to the Mississippi Gaming Commission in March for approval to proceed with construction estimated to cost a total of $140 million. The commission meeting is scheduled for March 16 at Hard Rock Hotel & Casino in Biloxi.
Lubin said the proposed casino has an unofficial name — Golden Harbor.
Lubin also has a separate Gulfport project to renovate the derelict Markham building downtown. At the city’s request, he said, he has studied the possibility of a hotel for the property, rather than the senior apartments he had planned. He said an 80- to 90-room hotel would compliment the public aquarium the city plans for nearby property.
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