LAS VEGAS — May 20, 2014 — Wynn Resorts announces that it’s proposed $1.6 billion Wynn Resort in Everett will be the largest private sector single-phase construction project in the history of the State of Massachusetts (according to Boston Redevelopment Authority data). The 5-star resort, which will be 100% owned by Wynn, will require more than 10 million man hours to complete, also making the project one of the largest construction-job generators in the Commonwealth’s history.
“The economic impact of a Wynn Resort in Everett will go far beyond construction jobs and extend to businesses and communities all across the region,” said Robert DeSalvio, senior vice president of development at Wynn. “More than $2 billion in total wages and ancillary spending will be generated by Wynn in the first five years of construction and operation. That money will be spent by construction workers and employees to buy everyday goods and services in local retailers and establishments. The trickle-down effect of a project this large benefits all.”
The Wynn Resort in Everett includes the transformation of a 100-plus-year-old contaminated waterfront into a clean, lush waterfront park and boardwalk. The projects grand scale will generate more than 4,000 permanent jobs, 14,300 one-time construction jobs and drive more than $4 billion in revenue to other local businesses over five years—numbers that are significantly higher than any other proposed gaming resort in the state.
Wynn Resorts are globally recognized for their attention to the smallest details. In Las Vegas, Wynn spends more than $2 million a year on fresh-cut flowers for its hotel rooms and replaces more than 8,000 flowering plants every three weeks. The company has received more Forbes Travel Guide Five Star Awards than any other independent hotel company in the world and has been recognized as the best resort in Nevada on Condé Nast Traveler’s “Gold List” for five consecutive years.