Wynn Resorts pays top dollar to clear path for casino construction

Apr 5, 2017 9:03 AM

Wynn Resorts is planning to demolish a three-block section of a small neighborhood just across the street from its under-construction casino in Everett, Massachusetts near Boston. The $2.4 billion facility will be a high-end casino/resort that includes a five-star hotel, fine dining, and a waterfront promenade.

Wynn Resorts has purchased 10 residential, commercial, and industrial properties to the east of the main road to the casino in efforts to create a buffer between the casino and the surrounding neighborhood. 

The Boston Globe reports that from September 2015 to August 2016, Wynn Resorts spent nearly $19.5 million on the 10 parcels near the casino, often for far more than the normal market value of the property.