Westchester & Fairfield County Business Journals 092517

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WESTCHESTER & FAIRFIELD COUNTY

BUSINESS JOURNALS

SEPTEMBER 25, 2017 | VOL. 53, No. 39

7 | DOGGONE DELUXE YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

12 | JOBS AND FREE SPEECH westfaironline.com

Sports means business – and careers – on this college campus BY ALEESIA FORNI

I A design rendering of the hotel and casino complex proposed by MGM Resorts International at Bridgeport’s Steelepointe Harbor.

MGM Resorts floats $675M casino complex on Bridgeport waterfront Mixed reaction in Fairfield

BY PHIL HALL phall@westfairinc.com

M

GM Resorts International wants to bring the first casino to Fairfield County and the first nontribal gaming venue to Connecticut with a $675 million development in partnership with RCI Group, the Miami Beach-based developer of

Bridgeport’s Steelepointe Harbor. The proposed MGM Bridgeport at RCI’s mixed-use waterfront development would feature a 300-room hotel; a 100,000-square-foot casino with 2,000 slot machines and 160 table games; 30,000 square feet of retail space; a boardwalk on the Yellow Mill River with a 900-foot dock, retail outlets and outdoor entertainment; a 20,000-square-foot entertainment venue with a 700-

seat theater; and 60,800 square feet of dining space that would include five restaurants and six bar and lounge locations. Unveiling its proposed project at a Sept. 18 press conference, MGM Resorts touted financial and economic benefits that include a one-time, $50 million gaming license fee paid to the state; $303 million in state gaming tax revenue in 2019 and $328 million by 2023; 2,000 jobs at the resort casino and 5,000 indirect jobs, and a minimum of $8 million in annual payments to the city of Bridgeport. The Nevada company also projected a total of $667 million in incremental tax revenues from the resort casino over the next five years. » MGM, page 8

aforni@westairinc.com

f you visit Manhattanville College’s website for its master of science degree in sports business management, you might be surprised by what you see posted under the program’s description. “This is not a program for ‘sports fans,’” the first line reads. On the contrary, the master’s degree program at the private college in Purchase focuses on the business end of the sports industry, an estimated $600 billion global enterprise. “It’s a business program first and foremost, because sports is business,” said David Torromeo, director of the program. “It’s not all fun and games, and that’s something they (students) have to learn.” The program has proven popular with students who hope to find careers that allow them to work close to the sport they love. “Your passion might be the Mets,” Torromeo said. “You love the Mets, but you have to align that passion with your skill set.” The graduate program, which will celebrate the graduation of its 10th group of students at an event later this month, aims to create the next wave of leaders in the sports industry. With internships, a carefully curated curriculum and a slew of in-the-know professors, the program tackles all of the pertinent areas of the business. “This is the perfect location for this program,” Torromeo said. “Obviously in the city, you have all

the teams, all the leagues, but you also have world-class, worldwide companies right in your backyard.” Those close-to-campus organizations include the United States Tennis Association, headquartered on West Red Oak Lane in the town of Harrison; and sports and entertainment marketing heavyweight Octagon in Stamford, to name a few. And those are just the sports brands. “MasterCard (headquartered in Purchase) has a huge sports marketing department,” Torromeo said, “and around the corner is Pepsi, and if you watch any football, there’s a pretty big organization too in terms of their sports marketing efforts.” Torromeo has been with the program since its inception in July 2006. A former athlete himself, he held a variety of positions across the industry, from athletic director at Iona College to vice president of operations for the National Football Foundation and College Football Hall of Fame, prior to joining Manhattanville. “I tell my students, ‘Sometimes you’re going to have a goal, and you’re not going to be able to achieve that goal, but you’re going to say, ‘Thank God,’” Torromeo said. For Torromeo, that goal was to become a big-shot public relations director by the age of 35. Though he never pictured himself working on a college campus — at least not prior to his late middle age, he joked — the opportunity the » SPORTS, page 8


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