Wynn Redevelopment Deal Advances With Early Work

The Salem Redevelopment Authority acknowledged execution of a purchase and sale amendment with Wynn for the historic courthouses and Crescent Lot, alongside an SRA-authorized license agreement permitting Wynn to start early construction work at its own cost. Wynn and the City secured $700,000 in MassDevelopment funding and $2 million in historic tax credits to support the project.

Document date · November 12, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$700,000 (MassDevelopment funding for courthouses)

Contract type

CONSTRUCTION

Renewal

Purchase and sale amendment executed; early construction authorized under a license agreement prior to closing. Financing and easement arrangements with MBTA and MassHousing are in progress.

Document type

Minutes

Source document

Salem Redevelopment Authority Public Meeting Minutes 2025-11-12

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Salem?

WYNN was awarded this construction contract by City of Salem, as recorded on November 12, 2025. The contract value is $700,000 (MassDevelopment funding for courthouses).

How much is the WYNN contract with City of Salem worth?

The WYNN contract with City of Salem is valued at $700,000 (MassDevelopment funding for courthouses), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Salem Redevelopment Authority Public Meeting Minutes 2025-11-12 (Minutes), dated November 12, 2025 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does WYNN hold?

WYNN may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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