It has been decades since they first talked about developing the historic Elm Street block at Court Square.
It will now happen.
MGM says it will assist in a 55 million dollar redevelopment. Casino officials say that they are still talking with specific developers as to what direction the development should go.
Officials say they will provide 11 million dollars for the redevelopment project.
Committee member Bruce Stebbins says that it is too early to celebrate the announcement but that it is a start and a very long time coming.
The structure overlooks the city of Springfield, across the street from Springfield City Hall.