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Mayor DeMaria Finalizes Agreement with Wynn for New Hotels and Commuter Rail Stop
“In the final hours of his administration, Mayor Carlo DeMaria signed a Memorandum of Agreement (MOA) with Wynn Resorts that clears the way for the development of up to two new hotels on Wynn-owned property along Lower Broadway, bringing significant economic and transportation benefits to the City of Everett.Under the agreement, the proposed hotel developments, which will not include any gaming, will generate new and ongoing revenue for the City of Everett through property taxes, hotel room occupancy taxes and meals taxes, consistent with rates applied to similar commercial developments in Everett. The proposed hotel developments are also expected to support job creation, including opportunities for union labor, and long-term economic growth along the Lower Broadway corridor…..”
Mayor DeMaria Finalizes Agreement with Wynn for New Hotels and Commuter Rail Stop
Mayor DeMaria Finalizes Agreement with Wynn for New Hotels and Commuter Rail Stop