The Nutter Real Estate Bulletin is a periodic update
that highlights recent client transactions for which we have been
pleased to serve as legal counsel. For further information, please
contact your Nutter attorney.
City of Boston executes Host Community Agreement with Sterling
Suffolk Racecourse, LLC
In late August, the City of Boston entered into a Host Community
Agreement with Sterling Suffolk Racecourse, LLC ("Suffolk
Downs") which requires Suffolk Downs, if it obtains a Category
1 License from the Massachusetts Gaming Commission
("MGC"), to develop a $1 billion destination resort
casino and pay an upfront impact fee of $33.4 million dollars,
minimum annual payments to the City of $32 million dollars at
stabilization, and the potential for significantly more payments
based upon casino revenues. Nutter represented the City in its
negotiations with Suffolk Downs and has continued to assist the
City in issues related to the required referendum vote
