Feedback: Mohawks Make Deal With State Over Casino Payments
New York and the St. Regis Mohawk Tribe have reached a landmark agreement over casino payments to the state.
Under the new agreement, the tribe has agreed to make $30 million worth of back payments to the state.
"Things are looking brighter. I know the counties will be happy," said Chief Paul Thompson of the St. Regis Mohawk Tribe.
Of the $30 million payment, 25 percent will be divided between St. Lawrence and Franklin counties, providing $3.75 million to each county which includes the payments to the affected towns in each county.
The tribe will give 25 percent of future gaming revenues to the state.
Of the future payments from the Mohawks, the state will divide 25 percent of its share between St. Lawrence and Franklin counties.
"This is money that can towards better county and town services and also to reduce property taxes," said St. Lawrence County Chair Jonathan Putney.
Tuesday's deal means the state will not put a casino near the Mohawk's territory.
No new casinos will be built in Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis, St. Lawrence, and Warren counties.
The Plattsburgh casino issue has not been resolved, according to Cuomo.
Friday, September 4, 2015, Watertown, NY
On Wall Street