The Board of Selectmen Thursday endorsed the amendment to the Property Disposition and Development Agreement between the town and Mohegan tribe and scheduled a town meeting and vote for 7 p.m. Thursday, Oct. 6 at Preston Plains Middle School. The Preston Redevelopment Agency approved the amendment Wednesday night. Cleanup work has virtually halted at the 393-acre property for the past two years as the parties wrangled over the terms of the final cleanup, to be funded with a $7 million state grant approved in 2020 and a $2 million state loan to the town if necessary. The amended agreement also changes terms to the $2 million low-interest loan the town obtained several years ago. The original language called for the loan to be forgivable if Mohegan development creates 200 permanent jobs, and the amendment allows loan forgiveness for either the 200 jobs or $200 million in construction value of new buildings.
https://www.theday.com/local-news/20220923/preston-residents-to-vote-on-amendment-to-norwich-hospital-sales-agreement/