Everett may buy land earmarked for a proposed casino after a current co-owner refused to sign a statement required by the Massachusetts Gaming Commission. The move, proposed by Mayor Carlo DeMaria, would place the city between casino mogul Steve Wynn and the current property ownership team, according to The Boston Globe.
From the Globe:
Under DeMaria's plan, Everett would buy the casino site and seven other nearby properties for approximately $41 million and then resell them at the same price to Wynn Resorts. City officials said that their urban renewal proposal for the long-depressed area along the Mystic River was under development before Wynn proposed a casino and is not solely for his benefit.
The current property owners are under close scrutiny after the commision determined Charles Lightbody, a silent partner with a criminal past, was still tied to the deal, according to the Globe. The commission ordered the owners to sign sworn statements disavowing any silent partners with criminal histories, but co-owner Anthony Gattineri has declined to sign.
Everett officials told the Globe they would redevelop the property for other uses if Wynn does not secure a gaming license from the state.
Wynn and Mohegan Sun are both competing for one casino license in eastern Massachusetts. A previous partner at the other potential casino site, on the Revere portion of Suffolk Downs, has also faced questions about ties to crime. Caesar’s Entertainment, the original casino partner for the proposal, was dropped from the plan over concerns it could not pass the state’s exhaustive background check. Mohegan Sun replaced Caesar’s in the Suffolk Downs proposal.