Thursday, November 13, 2008

The Tribe In The Media: Mohegans Involved In New 99-Year Land Lease In Massachussetts

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This installment of The Tribe In The Media is an article in The Republican stating that the Mohegan Tribe has signed a 99-year lease for 152 acres in Palmer, Massachusetts. The Tribe has indicated in the past that it would apply for a commercial casino license in Massachusetts should that state ever permit non-Indian gaming. According to a CBS Channel 3 (Springfield, Mass) report, "While Mohegan isn't authorized to build, no one's stopping them from planning. And that's what they're doing Wednesday night, facing town officials, explaining why they're moving ahead, even if the state is not. "We're spending several million dollars at this stage is reasonable for the risk and investment that proceeds," Paul Brody (vice president of development for the Mohegan Tribal Gaming Authority) says."

Realty company representing Mohegan Sun casino signs 99-year lease with Palmer landowners
By Nancy H. Gonter
November 13, 2008

PALMER - A real estate company representing the Mohegan Sun casino has signed a 99-year-lease with the owners of 152 acres of land across from the Massachusetts Turnpike exit here.

Paul I. Brody, the Mohegan Tribal Gaming Authority's vice president of development, confirmed the lease was recorded Oct. 23 in the Hampden County Registry of Deeds with the East Longmeadow-based Northeast Realty Trust, but declined to stay how much money is involved.

The lease has a 50 year term with an option to renew for an additional 49 years, Brody said. There are provisions in the lease in the event casino gambling is not made legal in the state.

The next step is to see whether the state Legislature and Gov. Deval L. Patrick move forward with approval of casinos and whether one will be allowed in Palmer, Brody said.