11/15/2023 0 Comments Encore boston harbor casino jobsWynn’s casino license was approved after it slashed the purchase price for the 35 acres on the Mystic River to $35 million, the estimated value of the land if the buyer wasn’t building a casino. Instead of completing an investigation of FBT’s ownership, the commission “made favorable consideration of the application subject to lowering the amount of money the owners of FBT would receive for the property, thereby giving one private party, Wynn, a multimillion-dollar windfall at the expense of another private party, FBT,” Justice Scott Kafker wrote on behalf of the court in a 38-page decision. The commission didn’t resolve the ownership question, but decided that FBT shouldn’t be allowed to collect the multi-million-dollar premium price allowed for the proposed casino site and warned Wynn that its license application was in jeopardy unless the matter was addressed, according to the SJC. When the commission’s investigators questioned FTB about Charles Lightbody’s suspected interest, the ownership group said he previously had a stake in the property but had sold it. At the time, the commission was considering Wynn’s application for one of three highly coveted casino licenses being offered by the state.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |