Agreements with Cambridge, Chelsea, Lynn, Malden, Medford, Melrose, and Salem provide economic development, community benefits and funding for local priorities
REVERE, MA â€“ (January 28, 2014) â€“Mohegan Sun and Suffolk Downs today announced the completion of terms for agreements with seven local communities, marking another critical
The agreements and agreements in principle with Cambridge, Chelsea, Lynn, Malden, Medford, Melrose and Salem will provide significant economic and community benefits along with local impact payments that total $3.75 million among the seven municipalities. The agreements also ensure that small businesses in these communities will have access to millions of dollars in annual spending by the proposed $1.3 billion development and that residents in these communities will be given job opportunities at Mohegan Sun Massachusetts and have access to job training programs and problem gambling services.
â€œWe are pleased to announce these agreements, which represent an important step in our efforts to develop an incredible destination that will benefit the entire region with the creation of new jobs, economic development and tourism opportunities,â€ said Mitchell Etess, CEO of the Mohegan Tribal Gaming Authority. â€œEach of these communities have been a great neighbor to Revere and Suffolk Downs, and these agreements illustrate Mohegan Sun Massachusettsâ€™ commitment to work in partnership with our neighboring communities.â€
Mohegan Sun Massachusetts expects to spend about $50 million annually on goods and services from businesses located within a 15-mile radius of Revere once the resort is fully operating. Similarly, MSM expects to create 4,000 jobs and has committed to hiring 75 percent of its workforce within the same 15-mile radius.
â€œMelrose is pleased to have entered into a Surrounding Community Agreement with Mohegan Sun at Suffolk Downs,â€ said Melrose Mayor Robert J. Dolan. â€œThe benefits of this agreement with the city of Melrose, along with the clear regional benefits of employment, purchasing, and increased revenues for municipalities, will be a much-needed boost to our local economy. As we embark on this new era of expanded gaming in Massachusetts, Mohegan Sun has given Melrose a seat at the table.â€
Also included as part of the agreed-upon terms are strong commitments to regional economic development and benefits â€“ such as the cross marketing of tourist attractions and cultural institutions in these communities, and providing local businesses with access to vendor opportunities and Mohegan Sunâ€™s industry leading players club points program. Mohegan Sun has also agreed to fund approximately $1 million in additional study and design of regional traffic solutions not related to the impacts of the proposed resort.
Mohegan Sun has a signed Surrounding Community Agreement with Chelsea, which was unanimously approved by City Council Monday evening.
â€œThe Suffolk Downs location is the best in Eastern Massachusetts to host a resort casino, and with Mohegan Sun as the development and gaming partner, itâ€™s the best option for this regionâ€™s gaming license,â€ said City Manager of Chelsea Jay Ash. â€œThis commitment to my city and to our neighboring communities illustrates that this will be a great source of economic activity that will benefit the entire region.â€
Mohegan Sun also has terms for agreements in principle with Cambridge, Lynn, Malden, Medford, Melrose and Salem, subject to city council approval. The agreements are the result of comprehensive discussions over benefits to these cities to be provided by Mohegan Sun should it be awarded a license to develop a $1.3 billion resort casino in Revere. Mohegan Sun has also designated Boston, Saugus and Winthrop as surrounding communities and is continuing discussions with those municipalities.
â€œAs a gateway to the North Shore, the kind of development that Mohegan Sun is proposing provides an amazing opportunity to transform this area,â€ said Leslie Gould, president and CEO of the Lynn Area Chamber of Commerce. â€œEstablishing partnerships within the region is a key to all of our success.â€
Mohegan Sun Massachusetts will be a $1.3 billion resort casino with two hotels and worldclass dining, shopping and entertainment amenities on 42 of Suffolk Downsâ€™ 52 acres in Revere. The resort casino will feature 5,000 gaming positions, a total of 500 hotel rooms, 170,000 square feet of floor space and a 10,000 square foot spa.
â€œOur relationships with our surrounding communities is very important, and we appreciate the hard work and thoughtful approach of each of these city leaders to reach these agreements,â€ said Chip Tuttle, Chief Operating Officer of Suffolk Downs. â€œMohegan Sun Massachusetts will not only preserve the future of Thoroughbred racing at Suffolk Downs, but it will create new economic and tourism opportunities for the entire region.â€
Mohegan Sun and Suffolk Downs share a long-standing commitment to working with local businesses, community leaders and cultural and tourist organizations. Currently, Mohegan Sun spends nearly $500 million annually on goods and services from local vendors near its Connecticut and Pennsylvania facilities.