Investment to create Boston jobs
Posted on February 8, 2015
An agreement with Mohegan Sun Massachusetts will create more Boston jobs.
Mohegan Sun Massachusetts will invest $45M in transportation improvements to the City of Boston and the area surrounding the casino site.
The City of Boston will receive $30M over 10 years for local capital projects in East Boston, and will receive a minimum of $18M annually to mitigate the community impact of the casino development.
This community impact annual payment will increase based on gross gaming revenue calculated in a given year.
Mohegan has pledged to use local vendors for goods and services for their facilities, which will inject upwards of $50M into the Boston economy.
Mohegan has also pledged to give preference to East Boston residents when hiring to fill positions in the construction phase of the plan, and in the jobs that become available with the casino and its affiliates upon opening.
Mohegan has pledged to use local vendors for goods and services for their facilities, which will inject upwards of $50M into the Boston economy. Mohegan has also pledged to give preference to East Boston residents when hiring to fill positions in the construction phase of the plan, and in the jobs that become available with the casino and its affiliates upon opening.
Boston also signed an agreement with Suffolk Downs which will preserve hundreds of jobs and secure revenue through continued property and real estate taxes. Suffolk Downs has agreed that they will keep their track open for the duration of the casino license.