PALMER, Mass. (WWLP) – Just a few days after Mohegan Sun officially terminated its lease on this land in Palmer, residents are anxious to hear what’s next.
“I personally would like to see something here, they have the land and I think some sort of development would be good for Palmer,” said Palmer’s Stephanie Perez.
The lease agreement was with Northeast Realty, the landowner. Northeast Realty told the 22News I-Team even though Mohegan Sun terminated its lease agreement they still legally have to wait about 90 days before they can make any substantial movement on future development here.
However, that doesn’t mean the landowner isn’t exploring opportunities. Town planner, Linda Leduc, said there’s interest in the property. “I did speak with the landowner yesterday who has informed me that they are having conversations and will go from there,” Leduc said.
Leduc told the I-Team the property is zoned for commercial development and is ideal for large-scale retail.
The town manager, Charlie Blanchard, says he looks forward to something finally going in there. “Right now, it’s taxed as developable land but with buildings on it, equipment and personal property, that would increase the tax revenue for the town.”
Mohegan terminated their lease Monday citing physical challenges with the property and lack of interest in the market.
Northeast Realty wouldn’t talk to us for this story because of an ongoing lawsuit against Mohegan.