The owner of the Encore Boston Harbor casino has reached an agreement to expand its footprint in Everett.
The memorandum allows for up to two new hotels on property owned by Wynn Resorts on Lower Broadway. There will not be any gambling at the new hotels. It also calls for Wynn to pay up to $25 million for a potential new Commuter Rail stop in the area.
Outgoing Everett Mayor Carlo DeMaria announced that the deal on Monday was struck “in the final hours” of his term.
“This agreement reflects years of work to ensure that any future development delivers real benefits for Everett residents,” DeMaria said in a statement.
