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November 27, 2013
Today, Suffolk Downs announced that they have reached an agreement with Mohegan Sun as their new gaming partner. In October of this year, the Massachusetts Gaming Commission, through a unanimous 5-0 vote, found Mohegan Sun suitable to operate a gaming establishment in Massachusetts. Clearly, Mohegan Sun is a first-class operator with a solid reputation in the industry and in our region. We are... Read more
November 25, 2013
This past week Real Estate Capital Partners, Covington Realty Partners LLC, and Minco Development Corporation broke ground at "The Vanguard at Waterfront Square", a 194-unit luxury rental apartment community on the waterfront in Revere. The groundbreaking occurred this past Friday, November 22, 2013.
Covington and RECAP, through its Metropolitan Opportunity Fund III, LP, acquired the 1.65 acre... Read more
November 14, 2013
By Thor Jourgensen / The Daily Item
Posted on November 13, 2013
REVERE — The $1.5 million the city is getting to pay for a new Pleasant Street parking lot will also help revitalize Broadway as Revere’s main business street, state Development Secretary Greg Bialecki said.
Elected officials and local merchants who gathered Tuesday in City Hall to hear Bialecki’s announcement clapped as he...
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November 14, 2013
Dear Chairman Crosby:
For nearly 80 years, the City of Revere has been a host community to Suffolk Downs. When asked last week to continue that relationship, the voters of Revere overwhelmingly supported the siting of a gaming establishment at the Suffolk Downs property. More than 11,000 voters turned out for the November 5, 2013 City Election, with over 60% voting “yes” on the casino ballot... Read more
October 1, 2013
City Officials to Hold Public Meetings and Roundtable Conversations
The recently signed Host Community Agreement between the City of Revere and the developers at Suffolk Downs is a landmark deal that was developed by Mayor Rizzo, with the assistance of other City officials, all of whom weighed the opinions and ideas of the community throughout the process. In order to continue to ensure that the... Read more
September 16, 2013
PUBLIC SAFETY CONCERNS & NEIGHBORHOOD IMPROVEMENT PROJECTS ADDRESSED THROUGH HOST COMMUNITY AGREEEMENT
More public safety personnel and community projects slated to begin now that agreement is finalized
The recently signed host community agreement between the City of Revere, and Suffolk Downs, was crafted to protect the interests of the citizens of Revere. Mayor Rizzo put a high priority on... Read more
September 4, 2013
Jobs and Future Commercial Development will make the Transformation of Revere a Reality
The recently signed host community agreement between the City of Revere and Suffolk Downs is an extraordinary deal that will help make the transformation of Revere a reality. The prospect of a resort style casino at Suffolk Downs will create jobs and lead to further investment within Revere. The host community... Read more
August 30, 2013
When Mayor Rizzo took office back in January of 2012 he immediately set out a roadmap to involve the citizens of Revere in the mitigation process between the City of Revere and the developers at Suffolk Downs in their quest to build a Resort-Style Casino.
Revere, as a Host Community, is eligible to receive certain fees and benefits under a Host Community Agreement (HCA) to help “mitigate” any... Read more
August 29, 2013
I am pleased to announce that the City of Revere, and the developers at Suffolk Downs, has come to terms on a host community agreement that we signed today. The mitigation agreement will protect the interests of the residents and business owners of Revere by improving traffic conditions, increasing public safety and green space, as well as creating much needed jobs and infrastructure improvements.... Read more