Wynn offers turnaround to the City of Everett

Steve Wynn wants to hold to one of the three casino licenses of Everett, Massachusetts, created in 2011 under the gambling law. The negotiation includes an advanced payment of $30 million to the city and a $25 million annual payment once the business starts running.

As part of the negotiation, Wynn has promised to provide 4,000 jobs to city residents, open a public access to the Mystic River, improve streets and transportation issues.

If the deal is approved on Saturday’s referendum, Wynn will win a place in the Boston market and the city will experience an economic upgrade.

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