Mayor Walsh today announced an agreement with Mohegan Sun under which the proposed Revere casino would pay the city at least $18 million a year plus another $3 million a year just for capital stuff in East Boston - should the state approve it as the Boston area's resort casino, rather than a competing plan in Everett.
In addition, the mayor said the owners of Suffolk Downs have agreed to keep their race track open through the life of the Mohegan Sun license. Also, Mohegan Sun will spend $45 million on traffic improvements around the casino.
In a statement, the mayor says:
This was a difficult decision, but I have a responsibility as the Mayor of Boston to protect the best interests of our City, and of those in the neighborhood most impacted by this proposal. Mohegan Sun has engaged fully with our team and with this City, with a clear intent to be a good neighbor to our community. I appreciate their willingness to come to the table and work together on a deal that supports and strengthens Bostonâ€™s infrastructure and economy.