Preston Approves Parcel Sale to Mohegan Tribal Authority
Town of PrestonCity · Preston, CT- Disclosed value
- $200,000 in cash payable at conveyance, plus reduction of the $500,000 soft-cost provision to $250,000; combined economic value approximately $450,000
- From minutes
- Approved
- Oct 29, 2026
The 30-second brief
Preston voters approved the sale of Parcels 7DE and 7DF to Mohegan Tribal Gaming Authority for $200,000 in cash and a $250,000 reduction to the existing soft-cost provision. The conveyance is expected to close November 5, 2026, concurrently with the Preston Riverwalk transaction.
Mohegan Tribal Gaming Authority holds this contract with Town of Preston.
Term as filed: Anticipated conveyance on November 5, 2026; conveyance contingent upon concurrent Preston Riverwalk transaction.
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Contract details
- Amount
- $200,000 in cash payable at conveyance, plus reduction of the $500,000 soft-cost provision to $250,000; combined economic value approximately $450,000
- Document date
- October 29, 2026
- Term
- Anticipated conveyance on November 5, 2026; conveyance contingent upon concurrent Preston Riverwalk transaction
- Agency
- Town of Preston
- Source document
- Town of Preston Minutes Special Town Meeting October 29, 2026 (Minutes)
Mohegan Tribal Gaming Authority's other public contracts
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Questions about this contract
Who was awarded the government contract by Town of Preston?
Mohegan Tribal Gaming Authority was awarded this government contract by Town of Preston, as recorded on October 29, 2026. The contract value is $200,000 in cash payable at conveyance, plus reduction of the $500,000 soft-cost provision to $250,000; combined economic value approximately $450,000.
How much is the Mohegan Tribal Gaming Authority contract with Town of Preston worth?
The Mohegan Tribal Gaming Authority contract with Town of Preston is valued at $200,000 in cash payable at conveyance, plus reduction of the $500,000 soft-cost provision to $250,000; combined economic value approximately $450,000.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Town of Preston Minutes Special Town Meeting October 29, 2026 (Minutes), dated October 29, 2026 from Town of Preston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mohegan Tribal Gaming Authority hold?
Mohegan Tribal Gaming Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Preston currently buying?
Explore Town of Preston's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.