Massachusetts Gov. Deval Patrick gave final approval on Monday to a tribal casino compact with the Mashpee Wampanoag tribe.
Patrick signed the compact Monday flanked by tribal leaders. The agreement promises the state 21.5 percent of gambling revenue if the tribe succeeds in developing a resort casino in Taunton.
"What I signed today really is a reflection of a commitment that the tribe has to its members, but also to its neighbors in the region," said Patrick. "And I know that was important to the members of the negotiating team."
The tribe has proposed a $500 million casino on 146 acres of land at the junction of Routes 24 and 140. The complex, to be built in stages over a five-year period, also would include three 300-room hotels, retail shops, meeting space for business events and a family water park.
"We look forward to bringing jobs to the Commonwealth of Massachusetts, to the Mashpee Wampanoag tribe," said Mashpee Wampanoag Tribal Chairman Cedric Cromwell. "We look to get this project up and running as soon as possible."
Under new state law, allowing up to three resort casinos, federally-recognized Indian tribes are given exclusive rights to build a casino in southeastern Massachusetts.