BOSTON — Voters in Everett Saturday are deciding whether to give the green light to Steve Wynn’s plan to build a $1.2 billion casino in the city.
Wynn, a Las Vegas casino operator, signed a host community agreement with city officials that calls for $30 million in advanced payments and more than $25 million in annual payments to Everett if the casino opens for business.
The vote on Saturday is the first binding referendum on a casino proposal since the 2011 passage of the state’s expanded gambling law.
Voter approval of a host community agreement is required before a developer can seek a casino license from the state gambling commission.
Wynn has also agreed to other conditions including the clean-up of pollution on the proposed site along the Mystic River, which formerly housed a chemical plant.