The Mohegan Tribe announced Thursday it has signed a 50-year lease on 152 acres in Palmer with options to renew it for another 49 years. The land is in a private lot just off Route 32.
The cost of the lease was not immediately disclosed. Mohegan representative Paul Brody said they are spending millions now as an investment.
This year, state lawmakers declined to approve casino gaming, but they may reconsider it next session.
Mohegan officials said if lawmakers approve gaming next year, the new Palmer casino could open by 2012.
State regulators would still have to grant Mohegan a state license.