Menino Comments on Foxwoods Milford, Mass. Proposal - NECN

Menino Comments on Foxwoods Milford, Mass. Proposal



    Foxwoods Massachusetts holds supporter rally, Boston mayor Tom Menino comments on proposal (Published Sunday, Jan. 26, 2014)

    (NECN) – Foxwoods Massachusetts is holding a rally on Saturday in Milford for supporters of the company's plan to build a casino in the town.

    This happened after the development group led by Foxwoods signed a deal to obtain the remaining financing it needs to move forward with the one billion dollar project.

    Gaming and Leisure Properties is providing the financing, and will get a 55% stake in the casino as a result.

    The deal may satisfy the state gaming commission, but Foxwoods' proposal also has to be approved by the voters in Milford. They head to the polls on Tuesday.

    Foxwoods is vying for the sole casino license to be awarded in the greater Boston area.

    On Saturday, Boston mayor Tom Menino talked about the company's plans.