Revere and Boston had unsuccessfully pitched the former Suffolk Downs horse track as a potential site for Amazon’s planned second headquarters.
Massachusetts House Speaker Robert DeLeo, who represents the city, said the center provides a welcome boost to the local economy. Massachusetts had the highest unemployment rate in the nation in June, at more than 17%.
Necco, short for the New England Confectionery Company, was the country’s oldest continuously operating candy company before it abruptly shuttered in 2018.
More than 200 workers were laid off, and its brands, including Sweethearts, its namesake wafers, and the Sky Bar, were sold.
The 50-acre property is owned by Clarion Partners, a New York real estate investment company that bought it for $355 million earlier this year.