Mayor Walsh's office announced tonight that Boston has signed a "Surrounding Community Agreement" that includes $68 million worth of payments to the city over the next 15 years and an effort to spend at least $20 million a year with Boston businesses over the same period.
The agreement marks the end of the city's increasingly futile court challenges to the Wynn casino on a parcel in neighboring Everett.
Part of the deal includes $25 million in payments, over 10 years, set aside specifically for fixing the already existing traffic nightmare that is Sullivan Square. The agreement also calls for $11 million worth of traffic work in the rest of Charlestown. Another $31 million will be used for "community impact" over 15 years.
In addition, "Wynn Resorts has agreed to work with the City of Boston to explore moving the Boston Water and Sewer Commission's Materials Handling Facility with the goal of creating public open space along the waterfront in Charlestown."
In a statement, Walsh said:
Our efforts over the past two years have been to protect the people of Boston and ensure the neighborhood of Charlestown is treated fairly. Residents have been trying for years for a solution for traffic congestion in Sullivan Square and Rutherford Avenue, and we must work together to improve local transportation infrastructure. I offered to keep an open line of communication throughout this process and I thank Steve Wynn for coming back to the table to listen to Boston's needs.