Mohegan Sun’s plans to build a $1 billion resort casino in Greater Boston will come to a local vote for approval in late February.
Mohegan Sun and the city of Revere, Mass. announced a host community agreement earlier this week, solidifying the plans for the casino. The referendum vote will be held Feb. 25.
Revere, a city of about 50,000 just north of Boston, would get annual revenue of $25 million to $30 million, payments of $33 million before the casino opens, ans bout $40 million in infrastructure improvements, new athletic fields, funding for schools, public safety and other items.
Mohegan’s proposal includes two hotels in addition to dining, shopping and entertainment on Suffolk Downs’s 52 acres in Revere. It is projected to create 2,500 construction jobs and 4,000 full-time jobs.
Mohegan moved quickly to pursue a development in Revere after its plans to build a $1 billion casino in Palmer, Mass., were rejected by voters Nov. 5.
In Palmer, Mohegan was in the running for the western Massachusetts gaming license. For the Revere site, Mohegan is now pursuing the Greater Boston license.
Mohegan’s plan will compete with a rival proposal by Las Vegas casino magnate Steve Wynn for a casino on the Mystic River in Everett, Mass.