Suffolk Downs turned 79 this week. It was July 10th in 1935 when Eddie Wrack won the track's first race under jockey Carl Hanford, who would later go on to train the legendary Kelso, one of the greatest racehorses of all time. It was a good birthday week with the news that our tenant, Mohegan Sun Massachusetts, reached a generous surrounding community agreement with the City of Boston.
The Mohegan Sun agreement, with annual payments starting at $18 million, an additional $30 million for capital projects in Eastie, job preference for East Boston residents and $45 million in local road and traffic improvements, ensures that all the measurable impacts of MSM's Revere development will be mitigated. Mohegan Sun's approach with Boston is consistent with its 11 other surrounding community agreements, more than double its Everett competitor, and indicative of a partner that shares our community values and wants to be a good neighbor.
That agreement should go a long way to alleviating the concerns among some Eastie residents that the new development in Revere would turn its back to the neighborhood after last November's ballot questions. We said at the time that wouldn't happen and it's good to know at least a couple of our predictions in this long process have been right.
In addition to Mohegan Sun's agreement with the city, Suffolk Downs reached a separate agreement that ensures the continuation of the racing operation here should Mohegan Sun earn the region's gaming license. Our agreement with Boston does two things. First, it legally requires the track to keep the promise it made to the Massachusetts Gaming Commission in January of this year when we pledged to continue racing for the initial 15-year period of the gaming license provided MSM wins the license and the purse funding in the expanded gaming law remain in place. Second, it calls for a comprehensive master planning process with the Boston Redevelopment Authority for the Boston-side of the property where, in addition to improvements to the track facilities, we will look at complementary non-gaming development opportunities.
Said another way, it was important to Mayor Marty Walsh that, if Mohegan Sun is investing $1.3 billion on the Revere side of the property, that the Boston side of the property be improved as well. We are happy to work with the Mayor and his team on a plan for that, especially one that enhances our racing operation.
And while we had a very good week, I should point out to the friends, supporters, horsemen and others that follow this space, we were once again attacked, unfairly, IMHO, by the Boston Globe editorial page on Wednesday, a repeat of a consistent pattern of bias by the Globe against Suffolk Downs and the people who work here. In a vexing display of pique, the Globe referred to Mayor Walsh's agreement with Mohegan Sun as an agreement with Suffolk Downs in its headline and the first few paragraphs of the editorial. They barely acknowledged the facts that Mohegan Sun is the applicant for the gaming license, not Suffolk Downs, that its project is new and different from our original proposal with Caesars, that it is entirely in the City of Revere, that Revere has rights, too, and has held two successful ballot questions in favor of gaming, and that municipal borders do, in fact, exist between Boston and Revere, all inconvenient truths for the most ardent opponents to expanded gaming on our property and the preservation of our 79-year tradition.
So, on behalf of our owners and all the people who work here, thanks for the birthday wishes. We'll keep working hard to ensure there are many more and we appreciate the support.