Only a little over six weeks after opening its giant Encore Boston Harbor venue and casino operator, Wynn Resorts Limited, is reportedly already considering a multitude of ways to bring even more attractions to the area around the $2.6 billion development.
According to a Wednesday report from The Boston Globe newspaper, the Las Vegas-headquartered firm’s Chief Executive Officer, Matt Maddox, used a recent conference call with investors to detail that Wynn Resorts Limited also owns eleven acres of land that is situated directly across the street from Encore. He explained that his team is currently evaluating several proposals that could see this parcel transformed into a broader entertainments district to help bolster the new riverside casino’s long-term gaming revenues.
The newspaper reported that Wynn Resorts has quietly been buying up the adjacent land over the course of the past two years while Maddox declared in June that his firm is planning ‘to continue to redevelop this area so that it’s known as the entertainment district in the Northeast.’
Maddox reportedly told the investors on Tuesday…
“We are talking to various potential partners because I think joint ventures could really work on that eleven acres for additional hotels and other entertainment offerings. We’ve been approached by people that would like to think about putting an arena there for various events. We’ve been approached by people that like to do the outdoor districts that have lots of various entertainment aspects but on a more boutique level.”
The Boston Globe reported that the revelation from Maddox is sure to be welcomed by the mayor for the northern Boston suburb of Everett, Carlo DeMaria. His community hosts Encore Boston Harbor and the leader purportedly stated in June that he would like to see the once industrial area transformed into a district where an entire family could spend an afternoon enjoying a multitude of entertainment options.
The newspaper reported that DeMaria has already called for a pedestrian bridge to be constructed across the Mystic River in order to connect the new Massachusetts casino with the northern Boston neighborhood of East Somerville. He proclaimed that he would moreover like to see the redeveloped district feature a range of new hotels, outdoor spaces, cafes and breweries.