Tewksbury, MA Town Selectmen Unanimously Approve Host Community Agreement with Penn National Gaming for Slot Parlor Facility

Town Selectmen in Tewksbury voted unanimously today (5-0) to support a Host Community Agreement with Penn National Gaming, Inc.

for the Company's proposed Category 2 slots-only facility project, budgeted at more than $200 million, that would be located at 300 Ames Pond Drive, near the intersection of Interstate 495 and State Route 133. Per the Host Community Agreement, Penn National Gaming's subsidiary has agreed to provide the following to the Town of Tewksbury: Annual estimated payments exceeding $4 million. This includes $3 million in estimated property taxes, $1 million in mitigation payments (which will increase by 2.5% annually beginning in year four of