It seems Suffolk Downs has what might be called a Plan C, not to be confused with Plan A and Plan B, if it can’t build a casino in Revere and if its racetrack falters, which may well happen if a new gambling resort opens soon in the Boston area.
From the Herald:
Sterling Suffolk Racecourse’s new preferred plan is to build its casino entirely on land in Revere and preserve the racetrack as a separate East Boston operation, according to Chief Operating Officer Chip Tuttle. But it has three alternate plans for mixed-use projects encompassing both sites should the casino and racetrack prove unfeasible.
“They’re based on the reality that this is 161 acres of very attractive development opportunity that could be a massive mixed-use (project),” Tuttle said, referring to the combined East Boston and Revere site. “There’s a lot of options.”
It makes sense. That property is indeed hugely attractive for development, as long as they can hide the hideously ugly oil tanks near the entrance to Suffolk Downs.
Now the big question: How much do you want to bet that a mixed-use development is going to happen?
We’d say it’s now highly likely, in the long-term, if the racetrack can’t secure a Revere casino deal. The state has already signaled it doesn’t like the Revere idea, so Plan C may be Suffolk Downs’s only option down the road.
The map above, via Suffolk Downs, shows the footprint of the racetrack, with it’s proposed Eastie casino just to the left of the track. That deal, the original Plan A, is now history due to the rejection of a casino by East Boston voters earlier this month.