Wynn Resorts has finalized the $35 million purchase of its 33-acre casino site in Everett, taking the contaminated property out of the hands of owners with ties to a convicted felon and mob associate.
Wynn had three months from the formal awarding of its license in November to close on the Mystic River parcel.
"The acquisition of the property keeps us on schedule and moving closer to construction,'" said Robert DeSalvio, president of Wynn Everett. "Today, we hit the 'go' button and we're not stopping until a spectacular Wynn Resort with a new waterfront public park for all to access and enjoy is completed."
The former Monsanto chemical site was owned in part by two developers, Dustin DeNunzio and Anthony Gattineri, who have been indicted on wire fraud and other charges for allegedly working to conceal the ownership stake of convicted felon Charles Lightbody. Lightbody has also been indicted.
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