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Encore Boston Expansion Suspended Due to Impasse
The expansion of the Encore Boston Harbor casino in Everett has been suspended due to disagreements between the casino and the city over issues such as taxes and impact fees, according to Wynn Resorts, the parent company of Encore.
The planned expansion, which included a dedicated poker room, a second sports betting parlor, and other amenities, was meant to contribute to the development of a new entertainment district in Everett. However, negotiations with the city regarding property taxes, impact fees, and infrastructure improvements have not reached a financially viable resolution.
“We remain optimistic about the project fulfilling the city’s and our shared goal of developing an exciting and vibrant destination district on Lower Broadway with restaurants, hotels, theaters, and other recreational uses. However, it has become apparent that we are unable to negotiate an agreement with the City of Everett regarding property taxes, impact fees, and infrastructure improvements in a timely fashion,” the company said in a statement that replaced the website for the project. “Until these issues are addressed with a financially viable resolution we have a responsibility to our shareholders, and cannot continue to incur project costs.”
- ◦Development