Full Breakdown
Everett's New Development Agreement with Wynn Resorts
1/7/2026, 11:50:28 AM
Major Development Agreement Announced
In a significant move just before the end of his term, outgoing Everett Mayor Carlo DeMaria finalized an agreement with Wynn Resorts, the owner of Encore Boston Harbor, to develop two new hotels and a commuter rail stop in Everett, Massachusetts. This memorandum of understanding allows for the construction of up to 800 hotel rooms on Wynn-owned property along Lower Broadway, with no gambling facilities included. The agreement also commits Wynn to contribute up to $25 million towards the potential construction of a new Massachusetts Bay Transportation Authority (MBTA) commuter rail stop adjacent to the casino.
Economic and Infrastructure Benefits
The deal is projected to generate approximately $10 million annually in tax revenue for the city through property, room, and meals taxes. Additionally, Wynn has pledged around $15 million for transportation improvements, including dedicated bus lanes and a pedestrian bridge over Broadway. The new hotels and rail stop are expected to stimulate local economic growth and enhance infrastructure in the area.
Incoming Mayor's Perspective
Newly sworn-in Mayor Robert Van Campen, who took office shortly after the agreement was announced, expressed support for the core aspects of the deal but indicated a desire for a more active role in its negotiation. He emphasized the importance of ensuring that the agreement maximizes benefits for Everett residents. Van Campen raised concerns about the proposed location of the commuter rail stop, suggesting that a site on the opposite side of Broadway might better activate development opportunities in the area.
Background and Context
The agreement marks a continuation of DeMaria's pro-development agenda, which has transformed Everett's industrial landscape into a burgeoning entertainment and hospitality district since the opening of the $2.6 billion Encore Boston Harbor casino in 2019. This project has already generated significant tax revenue and has paved the way for further developments, including a proposed soccer stadium for the New England Revolution by the Kraft Group.
Criticism and Concerns
Despite the anticipated benefits, there are concerns regarding the rapid development in Everett. Critics point to a sharp increase in rental prices, which rose by 43% from 2019 to 2023, raising questions about affordability for long-term residents. Van Campen acknowledged these challenges, stating that he aims to ensure that the ongoing developments do not compromise the city's affordability.
What's Next
The proposed hotel projects and commuter rail stop are still in the conceptual phase and will require further approvals from Everett's planning board. If all goes according to plan, construction could begin as early as this spring, with the hotels expected to open by 2028.
Verbatim Quotes
- “This agreement reflects years of work to ensure that any future development delivers real benefits for Everett residents,” — Carlo DeMaria, Outgoing Mayor of Everett
- “I support the core of this agreement: continued revitalization of the waterfront, strong union job opportunities during construction and long after opening, and major transit investments that benefit the entire region,” — Robert Van Campen, Mayor of Everett
- “I think it’s a good place to be as the incoming mayor of Everett.” — Robert Van Campen, Mayor of Everett
This agreement represents a pivotal moment for Everett as it seeks to balance development with the needs of its residents.
