Wynn finalizes $35 million purchase of contaminated Massachusetts site for future casino

Associated Press

Wynn Resorts has finalized its $35 million purchase of a contaminated property along the Mystic River in Everett on which it plans to build a $1.6 billion casino.

The company owned by Las Vegas casino mogul Steve Wynn said Monday the purchase of the former Monsanto chemical plant site is a key step toward starting cleanup of the 33-acre parcel and eventual construction.

Continue Reading Below

The deal had been dotted with controversy.

Federal indictments returned in October charged that the former owners of the property attempted to conceal the fact a convicted felon and known mob associate stood to profit from the sale.

Officials say Wynn had no knowledge of the alleged hidden ownership, which earlier prompted state regulators to approve a revised deal that lowered the original $75 million purchase price to $35 million.