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Tuesday, February 12, 2013

Milford: Dragging the Swamps for this Duo?

A 'developer' with experience even Nevada doubted, a Tribe that simply defaulted on its debt and a community that can't support the impacts.
 
It simply doesn't get any better than the Nunes/Foxwoods/Milford combo.



Milford group organizes to oppose casino

By Ellen Ishkanian
Globe Correspondent / February 9, 2013
 
Milford residents ready to fight a planned casino in their community met last week with people from Holliston and Hopkinton who have been organizing against the proposal for the past year.

The message from those already working on defeating the proposed $850 million “destination casino” on vacant land off Interstate 495, northwest of Route 16, was loud and clear: It’s Milford’s time to be heard.

Some in the fledgling group of about 12 people from Milford said the small number who showed up at the informal meeting belies the opposition the proposal will face.

“I’ve lived here my whole life and I’m ready to fight, and so are a lot of other people,” said Elaine Pagucci, who lives about a mile from the proposed casino site.
 
Milford resident Jim Flanagan, who said he lives five houses from where the casino is being proposed, is also on board.

“This is a residential neighborhood; it’s just not the place for it,” he said.

Colorado developer David Nunes and his company, Crossroads Massachusetts LLC, met the state’s Jan. 17 deadline for filing an application — accompanied by the $400,000 fee — with minutes to spare, setting into motion a process that will determine whether his proposal will be selected by the Massachusetts Gaming Commission to receive the single resort casino license reserved for Eastern Massachusetts.
 
The Milford proposal is competing against applications from Suffolk Downs, in partnership with Caesars Entertainment, in East Boston and Revere, and from Wynn Resorts, founded by Las Vegas casino magnate Steve Wynn, who is looking at industrial land in Everett.
 
In Milford, casino proponents say there could be significant advantages to allowing the proposal, including an estimated $8 million to $10 million in annual tax revenue and the creation of hundreds of jobs. Proponents also say the project would attract people to the area who would patronize already established businesses.
 
Barry Feingold, president and chief executive of the Milford Area Chamber of Commerce, said he is excited by the potential boost to the region’s economic development from an $800 million investment in the community. [Where has it ever? Someone's imbibing in too much Casino KoolAid!]

 

But, he said, it is way too early in the process to take a firm position on whether the pros will outweigh the cons.

“It’s going to be up to the people of Milford, and I think their sentiments right now mirror that of the Board of Selectmen, which is that we really need to get more information before we can make a decision on this,” said Feingold, who did not attend last week’s meeting.

He said his sense, as someone who speaks with business leaders and residents every day, is that the people of Milford are pretty evenly divided on the project.



“I talk to people on both sides,” he said.
 
Feingold said the proposed access ramp linking Interstate 495 with the casino site is a must before the project could get his endorsement, and the resort’s effect on town services will have to be weighed against the jobs and revenue that would come into the area.

“This is a huge project, there will certainly be hundreds of people hired just to build it,” he said.
Opponents at last week’s meeting said they plan to mobilize to defeat it at the polls.

“Milford is the host community; Milford has to say no,” said John Seaver, a lifelong town resident and former member of the Board of Selectmen. “Area towns need to support the effort, but the focus and the face of the opposition now needs to be Milford.”

While work has been done behind the scenes by a Holliston-based group, Casino-Free Milford, including setting up a website and Facebook page, gathering e-mail contacts, and organizing a petition drive, it was hoped the effort would be unnecessary.

But the last-minute decision by Nunes to move forward with his plans means those opposed have about eight months to prepare before a townwide vote in Milford could be held to decide the project’s fate.

“Nothing was serious until Nunes spent the $400,000,’’ Holliston Selectman John D. Leary Jr. told last week’s gathering. “Now is the time to get the organization started. We’re here to give the people of Milford the help they need, but you don’t have a month, you need to get started with weekly meetings.”

Milford’s Board of Selectmen could end the project before it even gets to a town vote, as was the case in Foxborough, where selectmen voted against entering into negotiations with Wynn, who with New England Patriots owner Robert Kraft had proposed building a casino on land across Route 1 from Gillette Stadium.

But Milford Selectman Brian W. Murray, the board’s chairman, who attended but did not speak at the informal meeting, said it is too early to make any decisions on whether the plan should move forward.

“That’s a premature question, because there is no proposal before the town,” he said.
Murray said he is still waiting to see whether Nunes will pass the first phase of the process, which is a check of his finances and background.
 
“We haven’t been presented any financial information," he said. “There’s nothing there yet, it’s basically just gathering information.”

The Milford residents and those from neighboring towns at the meeting are not counting on selectmen to stop the project. Instead, they say, they are ready to sway voters.

“The most important thing is not the selectmen,” Seaver said. “We need to keep the focus on the referendum and the five or six thousand voters who will decide this.”

Seaver said he will be a part of a core group that will meet biweekly to organize against the proposal, building grass-roots support through e-mail chains and by word of mouth, preparing for what he thinks will be an eventual vote on a proposal next fall.

He said fund-raising will be done to purchase more lawn signs, produce fliers, and buy advertisements, but utilizing social media and old-fashioned door-to-door campaigning will be the focus.

“This is not about whether or not you are pro or con gambling; that horse is out of the barn,” said
Holliston resident John Vosburg, land manager for the New England Mountain Bike Association, which owns land next to the proposed casino site. “This is about the location, and speaking with a common voice saying that this isn’t the place for a casino.”

Arguments against the proposal will likely focus on the proposed site’s location in the middle of a neighborhood of single-family homes, a casino’s effect on local property values, traffic, and ground water, and its toll on police and fire departments, schools, and other town services.

“Everyone assumes [the license] will go to Boston, but we have to hope for the best and plan for the worst,” Ken Rockett, a spokesman for Casino-Free Milford, told the meeting. “We’re here tonight to plan for the worst.’’

http://www.boston.com/news/local/massachusetts/2013/02/10/some-milford-residents-say-they-will-mobilize-against-casino-proposal/LJ3NYKkPMxAmTbXsKQmDQJ/story-1.html
 
Ellen Ishkanian can be reached at eishkanian@gmail.com.end of story marker


Foxwoods jumps into fray for eastern Mass. casino

By STEPHEN SINGER
Associated Press / February 11, 2013
 
HARTFORD, Conn. (AP) — Connecticut’s Foxwoods Resort Casino has joined the race to open a casino in eastern Massachusetts.

CEO Scott Butera told The Associated Press on Monday that it is working with real estate developer David Nunes to compete for a casino in Milford, about 40 miles west of Boston.
 
Building a casino just 70 miles from Foxwoods in southeast Connecticut will not lead to destructive competition between the two casinos, but help bring in customers in Connecticut and Massachusetts, which ‘‘will hopefully lead to growth in both markets,’’ he said.
 
Butera and Nunes have known each other for years, and Nunes ‘‘reached out to me some time ago,’’ Butera said. Nunes already has reached an agreement with the town of Milford to build an $850 million resort casino.

Foxwoods, the largest casino in the Western Hemisphere, is the right partner because it’s the most familiar with the New England gambling market, Nunes said.
 
‘‘To me it was a no-brainer in terms of attracting the best company to manage the operation for us,’’ he said.

The Nunes venture, Crossroads Massachusetts, will compete for the eastern Massachusetts resort casino license with Suffolk Downs in Boston and Steve Wynn, who has proposed a casino for Everett.

‘‘I don’t think the competition is as daunting now that we have Foxwoods on board,’’ Nunes said.
 
Butera would not disclose how much Foxwoods would invest in the Massachusetts venture, only that ‘‘we’re making a substantial commitment.’’

Revenue at Foxwoods and its Connecticut rival, the Mohegan Sun, has been under tremendous pressure for several years as consumers pulled back spending on entertainment in the recession and weak recovery that followed and because of rising casino competition in the Northeast.
 
Butera said Foxwoods is not counting on a strong recovery in the economy, which has so far been anemic.
 
‘‘Certainly, we hope for that,’’ he said. ‘‘If that happens, we'll have a very strong project that will do quite well. We’re planning for very moderate growth.’’

Mohegan Sun also has been working to get a foothold in Massachusetts. The casino, which is run by the Mohegan tribe, has been courting Palmer officials and residents in advance of its application for a state permit to open a casino in western Massachusetts.

The Mashantuckets agreed last year to restructure $2.2 billion in debt. Bond holders received new securities with lengthened maturity dates and holders of subordinated special revenue obligations receive new debt at a discount to face value of accrued principal and interest.
 
Butera has said increased gambling competition was forcing Foxwoods to shift its business to include more nongambling enterprises such as retail and conferences.

Separately, Springfield Mayor Domenic Sarno announced on Monday that he would negotiate host community agreements with MGM Resorts International and Penn National Gaming, which have proposed casino developments for the western Massachusetts city.

The decision follows a review process and could result in Springfield voters choosing from two casino proposals. Under the state’s casino gambling law, any host community agreement that is reached between a city and a developer must be approved by voters.

MGM Resorts International has proposed a resort casino and entertainment complex in downtown Springfield. Penn National Gaming, in partnership with Peter Pan Bus Lines chairman Peter Picknelly, has proposed one in the city’s North End.

Hard Rock International, which has plans for a casino resort at the Eastern States Exhibition in West Springfield, also hopes to compete for the western Massachusetts license.

Foxwoods jumps into fray for eastern Mass. casino - News - Boston ...

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