""While I did not negotiate this agreement, it is important to be clear: this project will move forward under my administration," incoming Mayor Robert Van Campen soon clarified in a statement. "My focus is now making sure it delivers real, lasting value for the people of Everett. And there are benefits." Once operational, the development will generate close to $12 million annually for the city, according to a release from Van Campen."
"As part of the agreement, Wynn has committed roughly $15 million toward transportation improvements in the city, including expanded and dedicated bus lanes, and $25 million toward the future commuter rail stop. Construction could start as early as this spring, with the hotels opening in 2028. The agreement with Wynn Resorts, the release said, is part of a three-phase "East of Broadway" development on Lower Broadway. All three phases have undergone review under the Massachusetts Environmental Policy Act process."
Former Everett Mayor Carlo DeMaria used his final hours in office to sign an agreement with Wynn Resorts to develop two hotels and a full-service commuter rail stop. The development is expected to generate close to $12 million annually for the city. Wynn committed roughly $15 million for transportation improvements, including expanded and dedicated bus lanes, and $25 million toward the future commuter rail stop. Construction could begin as early as spring with hotels opening in 2028. The project is part of a three-phase East of Broadway development, will redevelop a contaminated site, will be 100 percent union-built, and still requires Site Plan Review.
Read at Boston.com
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