TRMG last week announced the new project cost is $140 million which reflects enhanced investment in infrastructure to reflect community input, greater sensitivity to the environment and reconfigured public spaces to enhance guest experience. The company was responsible for the August, 2016 Economic Impact Statement which, at the time, estimated the impact of the construction based on a projected $67 million construction cost.
The updated Economic Impact Study (EIS) was commissioned by Twin River Management Group (TRMG) and prepared by the Spectrum Gaming Group, an independent research and professional services firm that serves private and public sector clients worldwide.
Further, the value of those jobs is $65.5 million in wages and $6.9 million in additional tax revenues to the State. Moreover, the combined direct and indirect benefits of the construction of Tiverton casino increases to 1,111 total jobs and $183.1 million of total economic activity.
The Twin River Tiverton Casino and Hotel will create jobs for more than 700 construction workers and adds an estimated $118 million to the State’s economy.
