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Updated almost 9 years ago on . Most recent reply

Investing in Homes near new Casino?
Hi Bpers
I live/invest in the Springfield MA area and this spring they are starting building MGM Grand Casino in the downtown area. Its suppose to rejuvenate the downtown area with shops/attractions and amenities ect.. It should be complted by 2017
I was wondering if its a smart ideal to invest in rental property (duplexes/triplexs) near the area? will the market value increase or decrease with the casino there? The area is C/D area at the moment but i was wondering if it would increase due to the redevelopment... Any seasoned investors in the area feedback would be greatly appreciated
thanx
Most Popular Reply

Originally posted by @Carol Lyons:
Hi Daniel,
I am not a seasoned investor but maybe this help.
I watched a webinar by Ocean City - Tom Cafarella about the Everett Casino. I don't see the podcast listed any more on www.BostonRealEsateJournal.com, but maybe he can send you a copy of the webinar.
I am still trying to determine if I should buy property in the area and will keep you updated if I come across anything new.
-Carol