New Bedford inks casino, developer dealer reach casino deal
The developer of a proposed casino in southeastern Massachusetts has reached an agreement with New Bedford as the company competes for the state's final resort casino license.
New York City-based KG Urban Enterprises said yesterday that the agreement calls for a $4.5 million upfront payment to the city, followed by $12.5 million in annual payments once it opens its doors. The proposed casino would be managed and operated by Foxwoods in Connecticut.
The New Bedford development is among three plans vying for the southeastern region casino license. It's going up against proposals in Somerset and Brockton.
The Gaming Commission already has deemed Mass Gaming & Entertainment's initial application for casino on the Brockton fairgrounds "substantially complete."
Residents in that city are to vote on the casino proposal May 12.
Wonderland Ballroom for sale
The owner of the Wonderland Ballroom in Revere has put the property up for sale as a possible transit-oriented development site.
The 28,056-square-foot parcel, which includes the nightclub with available space of more than 30,000 square feet, could potentially accommodate up to 100,000 square feet of development, according to Boston broker TR Advisors.
Allowable uses include multi-family residential, general and professional office, hotel, restaurant and retail projects.
Owner Robert Merowitz previously eyed selling the site for a hotel development if a casino had been approved for the nearby Suffolk Downs.
The ballroom hosts mostly Latin and reggae music events on weekends.
FAA says Amazon can test drone
Amazon.com Inc. has won federal regulators' approval to test a delivery drone, as the e-commerce giant pursues a vision of speeding packages to customers through the air.
The FAA said yesterday that under the provisions of the experimental airworthiness certificate, the flights must be conducted at 400 feet or below during daylight hours.
The drone must also remain within the line of sight of the pilot and observer.
The person flying the aircraft, meanwhile, must have a private pilot's certificate and current medical certification
- Nickerson, a full-service communications agency offering an integrated blend of marketing and public relations, announced that Kevin McMahon, left, photohas joined its growing team as director of social media and digital content. McMahon is responsible for developing and growing comprehensive social media programs to reach specific target audiences across a broad range of social and digital channels.
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