The opening of Encore Boston Harbor marked a significant transformation and economic resurgence of the Lower Broadway section of Everett and provided a boost to the region's already-strong international and domestic tourism markets.
More than 5,200 union jobs and 10 million labor hours were required to build the spectacular $2.6 billion Encore Boston Harbor, making the 27-floor, three-million-square-foot resort the largest private, single-phase development in the history of the Commonwealth of Massachusetts.
And, the community impact only promises to grow. We are employing nearly 5,000 people in a wide range of occupations, with a payroll topping $170 million per year. Further, we plan to purchase $100 million in goods and services annually. We also estimate that Encore Boston Harbor will pay approximately $200 million each year in tax revenues and fees.
These figures are exclusive of secondary spending—the money spent in local communities by Encore Boston Harbor guests, employees and suppliers—which in itself is expected to generate hundreds of millions of dollars.
As important as the economic impact is to the region, we are equally as proud of what our funding has been able to do from a sustainability standpoint. Encore Boston Harbor spent $68 million to remediate and restore a portion of the Mystic River. In the 18 months leading up to our opening, 840,000 tons of contaminated soil and 41,000 tons of contaminated sediment were safely removed from the site and transported to licensed processing facilities for treatment.
With hazardous pollutants finally removed from the site, the water quality has drastically improved and 24,000 square feet of river shoreline has been restored. Guests at Encore Boston Harbor can now admire the natural beauty of the Mystic River. For neighboring communities in Everett, the remediation project has restored a valuable resource to be shared by the community for generations to come.
For more details on how we have impacted our communities, please click here to read our latest Corporate Social Responsibility Report.