"When the estimates of total economic impacts are compared to Encore Boston Harbor's construction expenditures, the results show that every $1.55 of construction spending created about $1 of additional economic activity in Massachusetts and every in-state job created another 0.85 jobs elsewhere in the Commonwealth," the Donahue Institute report found. Based on a nationwide average of hourly compensation for construction workers of $35.83 and state-specific data that shows Massachusetts construction compensation tends to be about 30 percent higher than the national average, the report concluded that compensation for work at Encore was "at least in line with state norms if not higher."Ībout half of the roughly 6,700 people who worked on the Encore project live in Middlesex or Suffolk counties, mostly within the casino's host or surrounding communities - Everett, Medford, Malden, Boston, Lynn, Somerville, Cambridge and Melrose. "The average worker received roughly $36,500 in total compensation at an average hourly rate of $47.89 per hour," the report found. When converted to full-time equivalents, the total hours worked results in nearly 2,500 FTEs, Motamedi said. The average hours per worker was just more than 760 hours, or about 19 total 40-hour weeks. About $71 million went outside the country.īetween the start of site remediation in the fall of 2015 and the casino's Jopening, an estimated 6,700 individuals worked on the site at some point, Motamedi said, and worked a cumulative total of 5.2 million man-hours. The roughly $446 million of construction spending that left Massachusetts was distributed among 36 states, with Rhode Island, Connecticut and New York accounting for more than $200 million of the total, Motamedi said. Suffolk County companies, like construction manager Suffolk Construction, got about 27% of the business or $425.4 million worth of contracts, followed by Middlesex County companies that pulled in 15% of the work or about $236.8 million. Of that $1.6 billion in construction spending, about 70% of it (about $1.1 billion) remained in Massachusetts with local companies.
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But the casino is often referred to as a $2.6 billion project because of the other costs associated with it, like the land purchase, license application fee, the cost of furnishing the hotel and casino, and other non-construction expenses. Wynn Resorts spent about $1.6 billion to build Encore Boston Harbor.
"We found that the $1.6 billion in construction spending created $2.6 billion of total economic activity and the related income and jobs that would be needed to produce that," said Rod Motamedi, a senior research manager for the UMass Donahue Institute. A UMass Donahue Institute study presented to the Gaming Commission on Thursday found that the state's second full-scale casino did just that. One of the primary arguments in favor of legalizing casino gaming here almost a decade ago was that construction of the facilities would create jobs, provide opportunities for women- and minority-owned businesses, and spur economic activity in the Bay State. Hanscom Field), 12.5 mi (20.BOSTON - The construction of Wynn Resorts' palatial Encore Boston Harbor casino in Everett generated about $1.6 billion of net new economic activity in Massachusetts and created or supported about 2,500 jobs that earned a cumulative $1 billion of personal income, a study of the project found. Boston, MA (BNH-Boston Harbor Seaplane Base), 3.5 mi (5.7 km) from central Everett.Logan International Airport (BOS), 3.5 mi (5.6 km) from central Everett.
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How to Get to Encore Boston Harbor Flights to Everett Things to See and Do near Encore Boston Harbor The Row Hotel at Assembly Row, Autograph Collection La Quinta Inn & Suites by Wyndham Boston Somerville You may want to consider one of these options that are popular with our travelers: We've got 54 hotels you can pick from within just a mile of Encore Boston Harbor. Where Can I Stay near Encore Boston Harbor? If you're looking for things to see and do in the area, you might want to stop in and see TD Garden and New England Aquarium.
Everett is a family-friendly city known for its selection of restaurants.
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