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Public hearing for BSI casino resort tonight
The public hearing for Best Sunshine International, Ltd.’s proposed 14-story casino resort in the heart of Garapan is set for tonight, June 25, at the Pedro P. Tenorio Multi-Purpose Center in Susupe.
The hearing at 5pm is held by regulatory agencies to gather public input on the proposed development.
The Division of Coastal Resources Management certified BSI’s major siting application complete earlier this month.
BSI’s proposed development is called the “Grand Marianas Casino Resort.”
According to their application, BSI projects that out of a total 650 staff, there will be a required 423 local workers in business years one and two.
In year three, out of a projected total of 1,500 workers, BSI will be required to have 975 locals working. BSI projects this number to grow to 1,138 locals working in year four, out a total 1,750 workers. In year five, this increases to 1,219 local workers out of 1,875 workers total.
From business year six to seven, BSI would be required to have 1,300 locals employed out of their total 2,000 projected employees.
For tax revenues, BSI projects tax revenues associated with the proposed casino facility to be $55,940,522, $79,141,780, and $80,205,815, for years 2017, 2018, and 2019, respectively.
Calculating CNMI and FICA taxes and employer payroll tax, BSI estimates $10,367,136, $10,781,821, and $11,213,094 in total taxes to federal and the local government from 2017 to 2019, respectively.
