Wynn Resorts has offered the City of Boston $1 million upfront and $2.6 million annually, along with hiring preferences for city residents, as compensation to offset the possible effects of a planned hotel and gambling resort on the Mystic River waterfront in Everett.
It is the richest deal Wynn offered to any community around the company’s planned resort, but far less than the $18 million annual payment promised to Boston by a rival applicant, Mohegan Sun, which is proposing a Revere casino.
“We followed the applicable regulation to create a package which mitigates the actual and true impacts of our project and is almost three times the value of our largest existing surrounding community agreement,” Wynn Resorts spokesman Michael Weaver said in a statement.
The company’s offer, publicly released Friday by state gambling regulators, is not the final word on a compensation package for Boston. It will be up to the state gambling commission to determine how much Boston would receive from Wynn. The commission can impose a greater compensation package if commissioners believe Boston deserves more to offset the effects of the development.
The commission’s staff is researching the potential effects of the Everett project on Boston, especially on the nearby Charlestown neighborhood, and the commission may schedule a public hearing to take comments from residents.
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