Gov. Andrew Cuomo on Tuesday announced an agreement between the state and the St. Regis Mohawk tribe to resolve a three-year dispute over gaming issues.
Under the agreement, the state will remove the eight-county Saint Regis Mohawk exclusivity zone from the proposed casino-siting legislation. The tribe will also pay the state $30 million in payments owed and 25 percent of future gaming revenues.
The agreement also initiates discussions between New York, the tribe, and local governments to resolve unrelated land-claim disputes.
(Sponsored)
How Are You Creating Certainty in an Uncertain World?
In a world of constant change, having a local partner in your corner can make all the difference. When Central NY businesses are asked “Who’s in your corner?” one name
Small Business Accounting Errors and How to Avoid Them
Running a small business presents many challenges, which can draw your attention in multiple directions at once. Keeping track of your company’s finances is essential to its long-term success and
Under the revenue-sharing provision, the St. Regis Mohawk tribe will make an immediate payment of about $30 million from the Akwesasne Mohawk Casino to resolve past revenue-sharing payments. Of that $30 million payment, 25 percent will be divided between St. Lawrence and Franklin counties.
The portion allocated for the counties also provides $3.75 million to each county, which includes payments to the affected towns in each county, according to the governor’s office.
In addition, the tribe will resume making on-going revenue-sharing payments, according to the regular schedule as defined in the compact amounting to 25 percent of net-gaming revenue.
New York state will divide 25 percent of its share between St. Lawrence and Franklin counties, according to the governor’s office.
Contact Reinhardt at ereinhardt@cnybj.com
