The Mohegan tribe, owners of the Mohegan Sun Casino, have signed an agreement to purchase and develop property in Preston.
On Thursday, the tribe agreed to purchase and develop the 393 acres of the former Norwich State Hospital property, a potential $600 million project with hundreds of jobs.
The site on the eastern bank of the Thames River, opposite the tribe’s sprawling 700 acre reservation, is targeted to develop high quality, non-gaming, mixed-use commercial projects that will nearly double the town’s grand list.
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