LAS VEGAS (March 3, 2015)—Wynn Resorts announced that it has closed on land that was purchased from the MBTA for $6 million. The acquisition of the 1.75-acre property, which is adjacent to the 33-acre Wynn Everett site located off Route 99 in Everett, culminates a lengthy public bidding process and advances the construction of the $1.6 billion five-star Wynn Everett Resort.
“The process of building Wynn Everett is moving forward exactly as planned,” said Robert DeSalvio, president of Wynn Everett. “After an extended period of public process and due diligence, we’re checking off the boxes and hitting the milestones we need to hit. Right now, there are teams of people in Massachusetts and Las Vegas working around the clock to make sure that permitting, design and planning continue to progress smoothly and building can start as soon as possible.”
Pre-construction soil boring has been ongoing for several months at the Wynn Everett site. Site preparation and remediation is expected to start in the summer of this year.
ABOUT WYNN EVERETT
Wynn Everett is a proposed $1.6 billion project that will include a five-star resort with more than 600 hotel rooms, high-end spa, retail, dining, ballroom and meeting space. Situated on 33 acres along the Mystic River, the site will allow for public enjoyment of the waterfront with paths that provide access to the harbor and retail and dining experiences that overlook the river walk. The resort will generate more than 4,000 construction jobs, more than 4,000 permanent jobs with excellent salaries and benefits and approximately $260 in annual tax revenue to the state.
ABOUT WYNN RESORTS
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100 Indexes. Wynn Resorts owns and operates Wynn and Encore Las Vegas (www.wynnlasvegas.com<http://
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs, two award-winning spas, an on-site 18-hole golf course, meeting space, a Ferrari and Maserati dealership, approximately 99,000 square feet of retail space as well as two showrooms; three nightclubs and a beach club.
Wynn and Encore Macau is a destination casino located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,008 spacious rooms and suites, approximately 280,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, recreation and leisure facilities, including two health clubs, two spas and a pool.