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Boston Mayor Announces Deal With Mohegan Sun

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Artist rendering of proposed Mohegan Sun casino in Revere. (Mohegan Sun Photo)

Artist rendering of proposed Mohegan Sun casino in Revere. (Mohegan Sun Photo)

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BOSTON (AP) — Boston Mayor Marty Walsh says he’s reached a financial compensation agreement with Mohegan Sun as the casino proposes a $1.3 billion casino at the Suffolk Downs horse racing track in neighboring Revere.

WBZ NewsRadio 1030’s Kim Tunnicliffe reports

Walsh Announces Deal With Mohegan Sun

WBZ NewsRadio 1030

The deal finalized Thursday would have the Connecticut-based casino company pay the city at least $18 million annually once a resort opens. The deal is contingent on Mohegan Sun winning the state gambling license for the Boston region.

Walsh said the Mohegan Sun deal provides an estimated $300 million in investments in Boston over a 15-year period.

Wynn Resorts is also competing for the license with a $1.6 billion casino on a former industrial site in Everett, also near the Boston city line.

Wynn and the city have been unable to reach a deal and will go before a neutral arbitrator.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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