Wynn says construction will start this summer

Says challenge from Somerville will be the last one

STEVE WYNN TOLD FINANCIAL ANALYSTS on Thursday that Wynn Resorts will resolve an environmental challenge from Somerville and start building its $2 billion Everett hotel and casino this summer. Wynn said the hotel will offer grandeur not available anywhere in the United States except Las Vegas.

The analysts seemed concerned about the repeated delays to the project, noting that Boston battled the casino for close to a year and, when that dispute was resolved, Somerville stepped forward with an environmental challenge. One analyst asked if the Somerville challenge would be the last one. “In a word, yes,” said Wynn.

Wynn told the analysts he wasn’t concerned about a Mashpee Wampanoag casino going up in Taunton or any other casinos being built in the region. He said the other projects would not affect the profitability of his resort/casino.

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Bruce Mohl

Editor, CommonWealth

About Bruce Mohl

Bruce Mohl is the editor of CommonWealth magazine. Bruce came to CommonWealth from the Boston Globe, where he spent nearly 30 years in a wide variety of positions covering business and politics. He covered the Massachusetts State House and served as the Globe’s State House bureau chief in the late 1980s. He also reported for the Globe’s Spotlight Team, winning a Loeb award in 1992 for coverage of conflicts of interest in the state’s pension system. He served as the Globe’s political editor in 1994 and went on to cover consumer issues for the newspaper. At CommonWealth, Bruce helped launch the magazine’s website and has written about a wide range of issues with a special focus on politics, tax policy, energy, and gambling. Bruce is a graduate of Ohio Wesleyan University and the Fletcher School of Law and Diplomacy at Tufts University. He lives in Dorchester.

About Bruce Mohl

Bruce Mohl is the editor of CommonWealth magazine. Bruce came to CommonWealth from the Boston Globe, where he spent nearly 30 years in a wide variety of positions covering business and politics. He covered the Massachusetts State House and served as the Globe’s State House bureau chief in the late 1980s. He also reported for the Globe’s Spotlight Team, winning a Loeb award in 1992 for coverage of conflicts of interest in the state’s pension system. He served as the Globe’s political editor in 1994 and went on to cover consumer issues for the newspaper. At CommonWealth, Bruce helped launch the magazine’s website and has written about a wide range of issues with a special focus on politics, tax policy, energy, and gambling. Bruce is a graduate of Ohio Wesleyan University and the Fletcher School of Law and Diplomacy at Tufts University. He lives in Dorchester.

The Wynn hotel in Everett is a test of the company’s so-called urban concept, an attempt to build a grand hotel in an urban environment using the profits from a casino. A top Wynn official recently disclosed that each room in the hotel will cost $1 million, which is three times the median price of a single family home in Massachusetts.

Wynn also revealed that Suffolk Construction, which has been hired to build the Everett facility, recently brought its entire management team to the Wynn Resorts hotel in Las Vegas for a retreat. “They didn’t even tell us they were coming. They paid retail,” Wynn told the analysts.

Wynn said John Fish, the head of Suffolk Construction, has assured him the facility will be completed in two years and four months from the construction starting date.