Wednesday, April 26, 2017

Real Construction to Get Underway on $2.1 Billion Wynn Casino

The cranes are in the air, dust is kicking up, and more than 500 construction workers are preparing for the actual building of the $2.1 billion Wynn Boston Harbor resort, which is expected to open in June 2019. Bob DeSalvio, president of the company’s Boston location, said “there’s no stopping us now; onward and upward to the opening of Wynn Boston Harbor.”

Although pre-construction and utility work for the massive project began last August, the 34-month construction timeline will see its first upward construction by the end of this year, with the full structure framed by the end of 2017.
The $2.1 billion project will include a five-star resort with more than 500 hotel rooms, high-end retail and dining, a ballroom and meeting space.

The development will be spread over 33 acres of Mystic River waterfront with paths open to the general public leading to the harbor and more retail and dining overlooking the riverwalk.

The "family-friendly" casino-resort will take at least two years to build.

The design of the casino-resort would mimic local architecture: "If you like the way the Boston skyline looks, you'll love our building," says Las Vegas casino mogul Steve Wynn. The buildings will have a classic brick look on the lower floors and a glassy Vegas look as the building rise.

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The casino developer also has plans for a fleet of custom-built catamarans ferrying conventioneers and tourists from Long Wharf in downtown Boston and the World Trade Center in the Seaport district, to his riverfront gambling palace in Everett

As many as three water taxis would be in service at one time, leaving as frequently as 20 minutes apart.

Wynn Resorts insists the water shuttle service would reduce car traffic over already congested roads to the proposed resort.

The Massachusetts Gaming Commission granted Wynn Resorts the sole casino license based on economic factors, opportunities and jobs.

The company’s proposal offered a bigger development plan, strong financing, a large construction investment, and a big projected workforce and payroll.

The Greater Boston casino license is projected to be worth about $800 million to more than $900 million a year in gambling revenue.

Presently, workers are involved with cleaning up the Mystic River and the site, which once was home to a Monsanto chemical plant.

Wynn will be the only full resort casino in the Boston area. The state gaming commission has also licensed a resort casino in Springfield and a slots parlor in Plainville, which has been open for about 13 months. 

The official Grand Opening is slated for June 3, 2019.