City/Suffolk Signs Host Community Agreement

September 2, 2013

For several weeks the word on the street and at Boston City Hall, was that City and Suffolk Downs were getting closer to reaching a deal that would pay millions of dollars annually if a casino is built at the racetrack located in East Boston.

The rumor was substantiated last week when the two sides, following months of negotiations, effectively worked out a “host community agreement” moving the possibility of a casino at the racetrack in the right direction.

The state gaming board requires all cities and towns where a casino can be located to strike this type of agreement with developers before a gambling license is issued.

Mayor Thomas Menino was committed to get the best deal possible for the city. Apparently at least $32 million a year.

Las Vegas tycoon Steve Wynn has already committed $25 million a year to Everett from gaming proceeds if his $1.4 billion casino is built there.

It’s possible that North End businesses can benefit from a casino through what’s called the points system accrued by gambling numbers, if a casino works out an agreement with local businesses. Points can be used to purchase items in the North End.