Delays of Tiverton Casino Push up Costs

The price tag for the Tiverton Casino (l.) in Rhode Island has essentially double, from the original estimate of $75 million to $140 million. The developer, Twin River, attributes to higher costs to delays and limits on construction hours.

Delays of Tiverton Casino Push up Costs

Delays to the construction of Rhode Island’s Tiverton Casino are expected to cost twice the amount that was earlier estimated, Twin River Worldwide Holdings announced last week. The company will bear all those costs itself and not rely on state subsidies. The casino is now scheduled for an October 2018 opening.

The casino, which is being built on 51 acres a few hundred yards from the Massachusetts state line and where the towns of Tiverton and Fall River abut, will now cost about $140 million, instead of the original estimate of $75 million. It will have 1,000 slot machines and 32 gaming tables.

Delays were caused by construction difficulties that arose after work began, which increased costs. The city’s restrictions on construction hours is also slowing work, says Twin River.

Twin River Chairman John Taylor told 12 WPRI “In order to make our October date, we are pushing to get the buildings enclosed and winterized by the middle to end of December.” The casino’s increase in size to 95,000 square feet, which also increase the size.

However, the casino won’t be anywhere the size of the Twin River in Lincoln, which is picking up and moving to Tiverton. That casino is four times the size of the Tiverton, which Twin River refers to as a “convenience casino.”