Host cities and towns negotiating with proposed resort casino operators shouldn't get too greedy, according to one gaming expert.
"It does not help you to encourage massive promises — the politicians may like it, the lawyers may like it, but it doesn't help," said Jacob Miklojcik of Michigan Consultants, which does gaming industry financial analysis. "If you make outrageous demands, then the people say yes and two weeks later they try to renegotiate."
Community costs and benefits of building gambling resorts in East Boston/Revere, Everett and Milford will be the subject of a free "Casinos: Deal Us In?" forum at Suffolk University on Thursday.
"Given that this summer many of the communities will be voting on host benefit packages, we thought it might be useful to have a comparative conversation, or a collective conversation, around these community benefits," said Richard Taylor, business law director of the Sawyer Business School's Center for Real Estate at Suffolk.
Host community agreements will play a key role in the application process for prospective casino operators Suffolk Downs/Caesars Entertainment, Wynn Resorts and Foxwoods Resort Casino as they compete for the sole Greater Boston casino license. The plans — which stand to bring tens of millions of dollars to the communities, infrastructure improvements and jobs — must be included in their site-specific, phase two applications to the Massachusetts Gaming Commission that are due by December.
"Community mitigation is critically important in the application process, and every applicant will be expected to really put their best foot forward in introducing an effective and innovative (plan)," spokeswoman Elaine Driscoll said.
So far, only Everett has an agreement, and a June 22 city vote on Wynn's proposed $1.2 billion casino along the Mystic River has been set.
Wynn has agreed to give hiring preference to Everett citizens for 8,000-plus construction and permanent jobs, and make a good-faith effort to hire Everett contractors and suppliers.
Host community plans for Boston and Revere are expected next.
"We've had great dialogue with both our host communities … over the last year and look forward to completing host community ... agreements in the coming weeks," said Suffolk Downs chief operating officer Chip Tuttle.
Cash flow during the final planning and development also is a big concern for communities.
"The casino should be asked to front-load some type of fund for the expenses of the community, even if those dollars are offset against any future payments by the casino once operating," Miklojcik said.
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