Wynn's Massachusetts Casino Gets New Name, Price Tag Goes UpCompany Unveils New Model Of $2B Casino |
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Wynn’s new casino coming to Everett has a new name—Wynn Boston Harbor.
Steve Wynn, Chairman and CEO of Wynn Resorts, visited Massachusetts last week to show a new 3D model of the $2 billion casino. The price tag most recently was $1.7 billion.
Wynn Boston Harbor is still engaged in a legal battle with the nearby city of Somerville, which is trying to block the casino due to traffic and environmental concerns. The mayor of Somerville wants from Wynn $1.5 million in annual payments for 15 years, as well as Wynn to fund improvements to nine Somerville intersections near the casino. Wynn has so far refused to pay that much.
The casino will sit on the Mystic River, which connects to Boston Harbor.
“Formerly home to several chemical plants for decades, Wynn is spending $30 million to clean up the heavily contaminated site and create a magnificent six-acre park along the water that will feature pedestrian and bicycle paths that provide access to the harbor, an events lawn, picnic and public viewing areas, ornate floral displays and retail and dining experiences that overlook the Wynn river walk,” the company said in a press release.
The project will have a hearing in June to possibly remove its last hurdle. The Massachusetts Department of Environmental Protection will consider Somerville’s challenge to Wynn’s permit. Construction is currently on hold, pending the dispute with Somerville.
Wynn is expected to eventually build the casino, but there’s no targeted opening date anymore. Lawsuits with the city of Boston, which had long opposed the project, have been resolved.
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