DOUBLING DOWN: Wynn Resorts Finishes Everett Site Clean-Up at Twice the Expected Cost

Wynn Resorts has completed its clean-up of its Everett casino site but at a cost of more than twice as much as the company originally thought. The $68 million price tag includes a year and a half of work to remove almost a million tons of contaminated soil. The under-construction resort casino sits on the site of the former Monsanto chemical plant.

The Wynn Resorts’ clean-up by the numbers according to the Boston Globe:
• 840,000 tons of contaminated soil hauled away in 11,900 truckloads and 4,700 rail cars.
• 41,000 tons of sediment dredged from the Mystic River in the inlet just offshore.
• 30,000 tons of clean sand to cap the river bed.
• 24,000-square-foot living shoreline planted “to bring the site to its original condition, facilitate the natural cleanup of the Mystic River, and support the return of native fish and wildlife to the area,” Wynn Resorts told the Globe.
• $14 million still be spent on landscaping in the 6-acre harbor walk park in front of the resort.
• $2.5 billion: The new estimated cost of the entire resort casino project, up from $2.4 billion.

The completion of the clean-up—originally estimated to cost $30 million—is a major milestone for the project that has been plagued in the last few months by sexual abuse and assault allegations against founder Steve Wynn. Wynn has resigned from the company, sold his stock and moved out of the company villa in Las Vegas. The company then changed the name of the development from “Wynn Boston Harbor” to “Encore Boston Harbor”—another Wynn brand. The Massachusetts Gaming Commission has ruled that Wynn Resorts has sufficiently separated itself from Steve Wynn and has removed him from the casino license.

The gaming commission is in the midst of an investigation into whether Wynn Resorts remains “suitable” to hold the license. That question likely hinges on who on the company board knew about the huge $7.5 million settlement Wynn paid to a former manicurist to settle a sexual assault claim, and when did they know it. The commission has said it will wrap up the probe by summer.