On top of annual payments approaching $27 million in the 2024 fiscal year, Wynn’s original agreement with Everett to build Encore also called for a new commuter rail station, but didn’t spell out how much the company would contribute or where the station would go. The new deal with DeMaria commits Wynn to spend up to $25 million on a full-service station adjacent to the casino along the Newburyport/Rockport line, if the hotel development comes to fruition. It’s not clear yet how much a commuter rail station would cost there, though the total price would likely exceed that number.
“We are pleased to reach an agreement with the City of Everett that may allow for two, future third-party hotel developments on Broadway near Encore Boston Harbor,” Wynn spokesman Michael Weaver said in a statement.
Van Campen, meanwhile, questioned the station’s location, saying it could have a bigger impact if located on the other side of Broadway, closer to a sprawling former oil tank farm where more development is planned.