Revere, Mohegan Sun Reach Casino Deal

Plans to build a casino on Suffolk Downs’ property in Revere took another step forward Monday now that developers have worked out a host community agreement with Revere Mayor Dan Rizzo. 

Mayor Dan Rizzo says what he likes best about the deal with Suffolk Downs is the opportunity to put people to work: 

“The notion of creating 4000 permanent jobs is just very exciting to me.  I know sitting on my desk right now are the resumes of 300 – 400 people in desperate need of work.”

The developers, Suffolk Downs and Mohegan Sun, have agreed to pay Revere 33 million dollars up front, plus 40 million in infrastructure improvements, a new athletic field, and a community center.  The developers also promise money for Revere public schools and police and fire departments.  And at least 25 million dollars in annual payments from the casino. The mayor and the city council must now schedule a referendum in mid to late February. If voters approve the plan, it would likely compete with Wynn Resorts for the sole Eastern Massachusetts resort casino license.