Foxwoods Ups Its Proposed Annual Contribution To Milford From $18M To $31M

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By MATTHEW STURDEVANT, msturdevant@courant.com

The Hartford Courant

4:57 p.m. EDT, September 3, 2013

Foxwoods increased the amount of money it will give annually to the town of Milford, Mass., from $18 million to $31 million, if it is chosen as the sole casino in Greater Boston.

The announcement earlier this week by Foxwoods comes after a rival casino operator said it would deliver an even larger sum each year to Boston.

The Connecticut casino company announced its revised contribution this week as it gets closer to signing a host community agreement with Milford’s town government. The proposal still has several hurdles. First, the Milford selectmen need to approve the agreement, and then it will be put to voters. After that, the Massachusetts Gaming Commission will pick one of three proposals, including Foxwoods, to be the resort casino for the Greater Boston region.

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Milford (New Haven, Connecticut)

Milford’s annual payment from Foxwoods was increased after news reports that a competing proposal for a resort casino by Suffolk Downs would offer at least $32 million annually to the city of Boston, according to the Boston Globe.

Milford would receive $34 million up front and $31 million annually if Foxwoods’ plan is approved by voters and the Gaming Commission. Foxwoods is proposing a $1 billion casino a 187-acre site east of I-495.

Foxwoods and Suffolk Downs are two of three competing proposals to build a resort-style casino in Greater Boston. The third is by casino magnate Steve Wynn, who would build along the Mystic River in Everett. Wynn would pay at least $25 million annually to Everett, according to news reports.

Massachusetts is in the process of establishing several major gambling destination. In addition to the Boston casino, state law allows for a resort style casino in Western Massachusetts and in the southeastern part of the state.