Correction: The original post included an inaccurate figure for the amount Foxwoods MA proposes to contribute to a Milford community development fund. It proposes a total of $15 million.
Suffolk Downs has reached an agreement with Boston Mayor Tom Menino that would pay the city at least $32 million a year, plus $33.4 million in an upfront payment to its East Boston neighborhood, according to a report on Boston.com.
Payments to the city would increase, depending on the profit of the gaming business. According to the Globe, the casino could generate gross gaming revenue of $1 billion, which would trigger annual payments of $52 million to Boston.
Everett would receive $30 million in advance, and $25 million annually under its agreement with Wynn.
Milford officials are still negotiating a deal with Foxwoods. Under a preliminary draft, Foxwoods Massachusetts has proposed paying at least $18 million in annual property taxes to Milford. Another $15 million would be directed to a community development fund in three disbursements.