It has been in the news for many months, but the Mohegan Tribe is investing heavily in the region. Of course, they are adding many venues and improving the assets at Mohegan Sun as good businesses do. This showed up most recently as the addition of the $80MM Convention and Conference Center which is designed to draw thousands to the region for years to come. This was the site of the 3rd of the Barrett-Jackson Auto Auction events since 2015. Many other recognizable trade shows will be hosted here, furthering eastern Connecticut as a destination for many people and organizations.
Additionally, the Town of Preston via the Preston Redevelopment Agency, and the Mohegan Tribe have agreed on the purchase of the former Norwich Hospital site in Preston, approximately 400+ acre development. The conceptual master plan shows the development including everything from residential housing and retail support services to large format entertainment and theme parks to indoor waterpark and hotels with banquet halls. In all, an estimated investment range of $200,000,000-$600,000,000 over the full buildout. If you pass by the site via automobile along RT12 or the Mohegan Pequot Bridge, or from the Thames River, you will see much of the overgrowth thinned out and huge stockpiles of clean fill accumulated on the southwestern corner of the site. This is all in preparation for environmental remediation of the soils under the old roadbeds.