City of Boston signs agreement with Wynn Resorts
The surrounding community agreement totals $368 million in benefits to Boston.
Mayor Martin J. Walsh announced today that the City of Boston has signed a Surrounding Community Agreement with Wynn Resorts that includes $68 million in mitigation funds, $20 million annually for local businesses over a 15-year period, and a potential opportunity to create public open space in Charlestown. This agreement represents the largest community benefit to date offered by Wynn Resorts or the Massachusetts Gaming Commission to the City of Boston.
The Surrounding Community Agreement was negotiated directly between Mayor Walsh and Wynn Resorts Chairman & CEO Steve Wynn.
"Our efforts over the past two years have been to protect the people of Boston and ensure the neighborhood of Charlestown is treated fairly," Mayor Walsh said. "Residents have been trying for years for a solution for traffic congestion in Sullivan Square and Rutherford Avenue, and we must work together to improve local transportation infrastructure. I offered to keep an open line of communication throughout this process and I thank Steve Wynn for coming back to the table to listen to Boston's needs."
The agreement includes:
- $31 million over 15 years for community impact;
- $25 million over 10 years for Sullivan Square infrastructure improvements;
- $11 million for traffic mitigation in Charlestown;
- $250,000 for a Regional Working Group on a long-term fix for Sullivan Square;
- Good faith effort to purchase $20 million annually over 15 years from Boston businesses; and,
- $1 million for reimbursement of professional expenses.
The agreement states further commitments by Wynn Resorts for traffic improvements, including Transportation Demand Management measures, a transportation monitoring program and additional mitigation measures if operational deficiencies are revealed.
In addition, Wynn Resorts has agreed to work with the City of Boston to explore moving the Boston Water and Sewer Commission's Materials Handling Facility with the goal of creating public open space along the waterfront in Charlestown.
To access the agreement, please click the following links:
