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Old 07-02-2019, 10:27 AM   #2281
tangent
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Re: Encore Boston Harbor Casino | Everett

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In all reality these guys are one of the very few people who could afford to do this, if not for them 99% chance it would have stayed contaminated until one day the taxpayers funded a cleanup.
I think the alternative plan would have been to just cap it, make it look green and then let it erode into the Mystic over the next 100 years... slowly contaminating the ecosystem even more than the Mystic river is already contaminated.

I am all for parks, but there wasn't even available money to cap it and plant grass there.

And the mud at the bottom of that river... it would cost billions to (sort of) clean up. The plan is to leave it and just hope the heavy metals and chemicals just get pushed down by layers of sediment and that no significant storm related events disturb it. Trying to dredge it all up would be its own environmental disaster.

The Mystic did its part towards the war efforts and the industrialization of America and now it needs to rest for a couple hundred years. And maybe play some slots.
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Old 07-02-2019, 10:39 AM   #2282
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Re: Encore Boston Harbor Casino | Everett

The heavy metals will be there a very long time. But the organics would eventually break down from cosmic rays from the natural radioactivity occurring within and beneath the substrate. How long is that process? Must only be a fraction of the rate of this....

https://www.intechopen.com/books/ion...fication-of-aq
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Old 07-02-2019, 11:22 AM   #2283
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Re: Encore Boston Harbor Casino | Everett

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And I am pretty sure that a taxpaying commercial enterprise on the waterfront was better than forcing Everett to subsidize a redundant non-taxpaying non-profit educational campus on a waterfront that cost tens of millions just to make usable again.
Agreed.

“And now comes Encore Boston to seriously ramp up potential state tax revenue. State officials project $98 million of gambling tax revenue from Encore in the fiscal year beginning July 1, according to reporting by WBUR. That projection figures the casino will reap about $32.7 million per month in gross gambling revenue — an amount separate from room and meals taxes and payroll taxes from such a big enterprise.”

“This casino is a big deal for local communities, too, with around $25 million expected to be paid to Everett each year, $2 million to Boston and lesser amounts to neighbors Malden, Medford, Chelsea, Somerville and Cambridge. The construction and outfitting of the property has employed thousands of people, and the casino operators expect to hire as many as 5,500 full- and part-time workers.”

“The Massachusetts Taxpayers Foundation predicts $294 million in gaming revenue for the state, overall, in fiscal 2020, which begins a week after Encore Boston opens.”
https://www.salemnews.com/opinion/ed...2d42ae621.html

From contaminated wasteland to mega (career) not job provider, with MASSIVE tax revenues. Win.
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Old 07-02-2019, 11:37 AM   #2284
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Re: Encore Boston Harbor Casino | Everett

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A little update: I've now been to the casino 4 or 5 times. I've joined friends from the area at different restaurants on-site and gotten a very good lay of the land. And I'm up! (for now)
Really enjoy your commentaries of the Encore food options, thanks, dshoost! I guess my main question is, other than the food options and the lines, how would rate the resort/casino/grounds in general? Is it/will it be, a success? Many of the reviews I have read on line (granted it's brand spanking new and has a lot of kinks to work out) have absolutely loved the property itself but the food choices/lines/management of...have been less than stellar. Ditto for the expensive poker tables (though that holds no interest for me). So dude, would love to hear your thoughts about the property in general.
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Old 07-02-2019, 01:38 PM   #2285
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Re: Encore Boston Harbor Casino | Everett

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Really enjoy your commentaries of the Encore food options, thanks, dshoost! I guess my main question is, other than the food options and the lines, how would rate the resort/casino/grounds in general? Is it/will it be, a success? Many of the reviews I have read on line (granted it's brand spanking new and has a lot of kinks to work out) have absolutely loved the property itself but the food choices/lines/management of...have been less than stellar. Ditto for the expensive poker tables (though that holds no interest for me). So dude, would love to hear your thoughts about the property in general.
Yes, I absolutely love the place and think overall it's worthy of the 5 star resort stamp. Having grown up in a resort town (Boca Raton) and spent a good deal of time/money traveling around the world to very nice places, I definitely believe the property overall is a worthy, 5-star experience and can fairly be marketed as such to premium spenders from around the world.

I took the Encore water shuttle last Thursday from Long Wharf to the Resort and had an enlightening conversation with a couple staying there from Michigan. They hadn't been to Boston in 10 years and were completely floored by how activated the harbor has become since their last visit. A couple older guys on the vessel pointed at Clippership Wharf & The Mark under construction and noted how world class the city's begun to look, and that the Encore is an exclamation point on that declaration. I agree.

Like any new business, I don't draw conclusions about how well it's performing until 3 to 6 months after opening. The commentary is meant mostly to be constructive if--hopefully--someone from the resort's management team is reading. I anticipate the service quality and experiential delivery will stabilize soon, most/all kinks worked out.
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Old 07-02-2019, 05:07 PM   #2286
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Re: Encore Boston Harbor Casino | Everett

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The heavy metals will be there a very long time. But the organics would eventually break down from cosmic rays from the natural radioactivity occurring within and beneath the substrate.
Bacteria will get to the organics long before any other process

Look at what biology has done to the Titanic in just 100 years..... another 100 years and its going going gone except for the ceramics of the washbowls and toilets and the really thick steel of the steam engine cylinders
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Old 07-02-2019, 09:30 PM   #2287
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Re: Encore Boston Harbor Casino | Everett

dshoost88 - thanks for the food reviews, they are entertaining to read!
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Old 07-02-2019, 10:56 PM   #2288
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Re: Encore Boston Harbor Casino | Everett

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Yes, I absolutely love the place and think overall it's worthy of the 5 star resort stamp. Having grown up in a resort town (Boca Raton) and spent a good deal of time/money traveling around the world to very nice places, I definitely believe the property overall is a worthy, 5-star experience and can fairly be marketed as such to premium spenders from around the world.

I took the Encore water shuttle last Thursday from Long Wharf to the Resort and had an enlightening conversation with a couple staying there from Michigan. They hadn't been to Boston in 10 years and were completely floored by how activated the harbor has become since their last visit. A couple older guys on the vessel pointed at Clippership Wharf & The Mark under construction and noted how world class the city's begun to look, and that the Encore is an exclamation point on that declaration. I agree.

Like any new business, I don't draw conclusions about how well it's performing until 3 to 6 months after opening. The commentary is meant mostly to be constructive if--hopefully--someone from the resort's management team is reading. I anticipate the service quality and experiential delivery will stabilize soon, most/all kinks worked out.
I sure hope so. I went there with my wife and in-laws, and my father-in-law absolutely loves Vegas casinos. I was furious, but I had to be the calm one. The best we got was a 30 minute wait time at Red 8 (which, by the way, was solid. Family was very put off by the tea having the leaves loose in it, though).

What really bugs me about the whole experience is that this is not some mom-and-pop operation. This is a multi-billion dollar enterprise, run by a serious group in the resort casino biz. They know the numbers they were going to be dealing with, and they surely had enough applicants to fill all the jobs, right? I get that the staff themselves can only get up to speed through experience, but its not exactly a secret formula.
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Old 07-03-2019, 09:51 AM   #2289
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Re: Encore Boston Harbor Casino | Everett

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[T]hey surely had enough applicants to fill all the jobs, right?
Hiring workers has been a huge challenge, both for Encore and all the other companies that are losing employees to Encore.

It's not easy to fill up 5,500 empty positions when you're at 3% unemployment.
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Old 07-03-2019, 12:06 PM   #2290
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Re: Encore Boston Harbor Casino | Everett

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Originally Posted by dshoost88 View Post
Yes, I absolutely love the place and think overall it's worthy of the 5 star resort stamp. Having grown up in a resort town (Boca Raton) and spent a good deal of time/money traveling around the world to very nice places, I definitely believe the property overall is a worthy, 5-star experience and can fairly be marketed as such to premium spenders from around the world.

I took the Encore water shuttle last Thursday from Long Wharf to the Resort and had an enlightening conversation with a couple staying there from Michigan. They hadn't been to Boston in 10 years and were completely floored by how activated the harbor has become since their last visit. A couple older guys on the vessel pointed at Clippership Wharf & The Mark under construction and noted how world class the city's begun to look, and that the Encore is an exclamation point on that declaration. I agree.

Like any new business, I don't draw conclusions about how well it's performing until 3 to 6 months after opening. The commentary is meant mostly to be constructive if--hopefully--someone from the resort's management team is reading. I anticipate the service quality and experiential delivery will stabilize soon, most/all kinks worked out.
Dumb Millennial question - do they take cards, or is it cash only for the fare?
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Old 07-03-2019, 12:18 PM   #2291
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Re: Encore Boston Harbor Casino | Everett

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Hiring workers has been a huge challenge, both for Encore and all the other companies that are losing employees to Encore.

It's not easy to fill up 5,500 empty positions when you're at 3% unemployment.
A valid point, but it looks like Wynn was able to fill most of the positions, according to that article. I gotta think they got most of the remaining 1000 after the article was written. Hell, if they're paying dishwashers $20/hr... holy shit.
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Old 07-03-2019, 03:40 PM   #2292
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Re: Encore Boston Harbor Casino | Everett

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Dumb Millennial question - do they take cards, or is it cash only for the fare?
I actually do not know. The ferry was free for the first week.
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Old 07-11-2019, 07:11 PM   #2293
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Re: Encore Boston Harbor Casino | Everett

https://www.bostonglobe.com/business...?event=event25

https://wynnresortslimited.gcs-web.c...9-a0edcc250175

Wynn and Everett want an entertainment district and (good news, F-Line!) a CR/SL combo station. At the second link, the interesting slide is 16.

Also - sorry Mayor, but the MBTA is wise to your game now and probably won't sell maintenance garages under its current leadership. The Everett Shop is also a huge employment center - you'd think a mayor would want all those jobs and potential spending at neighborhood businesses, but he's chasing the techies.
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Old 07-11-2019, 07:29 PM   #2294
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Re: Encore Boston Harbor Casino | Everett

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Originally Posted by Equilibria View Post
https://www.bostonglobe.com/business...?event=event25

https://wynnresortslimited.gcs-web.c...9-a0edcc250175

Wynn and Everett want an entertainment district and (good news, F-Line!) a CR/SL combo station. At the second link, the interesting slide is 16.

Also - sorry Mayor, but the MBTA is wise to your game now and probably won't sell maintenance garages under its current leadership. The Everett Shop is also a huge employment center - you'd think a mayor would want all those jobs and potential spending at neighborhood businesses, but he's chasing the techies.
That shot of the casino on slide 15 is pretty clever. All the industrial land (including the power complex) is covered either by the casino or out of frame, and all you really see is the casino itself and the skyline. Far from the reality of the site, but I guess their investors don't have to know that.

IF the MBTA ever sells the Everett Shops, they'd need to be consolidated at Wellington or in Charlestown. Its location is pretty crucial to day-to-day maintenance, and moving it any further out will only make things worse. I remember reading (on here or on the Globe) a while ago that the MBTA wouldn't consider moving unless Encore or a developer was going to pay for building the new facilities.
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Old 07-11-2019, 09:15 PM   #2295
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Re: Encore Boston Harbor Casino | Everett

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That shot of the casino on slide 15 is pretty clever. All the industrial land (including the power complex) is covered either by the casino or out of frame, and all you really see is the casino itself and the skyline. Far from the reality of the site, but I guess their investors don't have to know that.

IF the MBTA ever sells the Everett Shops, they'd need to be consolidated at Wellington or in Charlestown. Its location is pretty crucial to day-to-day maintenance, and moving it any further out will only make things worse. I remember reading (on here or on the Globe) a while ago that the MBTA wouldn't consider moving unless Encore or a developer was going to pay for building the new facilities.
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Old 07-11-2019, 10:36 PM   #2296
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Re: Encore Boston Harbor Casino | Everett

Any of you folks ever taken a serious study of Craps? i'm not a gambler. But, i once heard a lesser known strategy for Craps--where you can improve your odds significantly first by making "odd" bets on the come-out roll and with steep, incremental bets going up and up, up to and including doubling. Required is a large bankroll, and nerves of steel. i had it explained to me about 25 years ago by a degenerate, pro gambler.... He said you can walk out of a Casino several hundred--or thousands of dollars UP. Unfortunately, it was also explained that this so-called methodology can potentially lead to problems w/ some Casino's shutting the player down--or worse. But i'm quite unclear on it.

i believe this odd play might be mentioned in the video below, (at 7:45).....
what he might be leaving out is the tweaking of bets that causes friction with the House. MIT math minds, and experienced gamblers; welcome. Or maybe it was just a circle jerk from a degenerate.....

or.... could it be some variation of this?

https://www.gamblingsites.com/blog/c...n-craps-73056/




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Old 07-12-2019, 05:04 AM   #2297
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Re: Encore Boston Harbor Casino | Everett

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Slide 68 lists among the downside drivers the inverted yield curve.
So it's not just the financial news pundits banging the drum on this.
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Old 07-12-2019, 05:18 AM   #2298
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Re: Encore Boston Harbor Casino | Everett

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Any of you folks ever taken a serious study of Craps? i'm not a gambler. But, i once heard a lesser known strategy for Craps--where you can improve your odds significantly first by making "odd" bets on the come-out roll and with steep, incremental bets going up and up, up to and including doubling. Required is a large bankroll, and nerves of steel. i had it explained to me about 25 years ago by a degenerate, pro gambler.... He said you can walk out of a Casino several hundred--or thousands of dollars UP. Unfortunately, it was also explained that this so-called methodology can potentially lead to problems w/ some Casino's shutting the player down--or worse. But i'm quite unclear on it.

i believe this odd play might be mentioned in the video below, (at 7:45).....
what he might be leaving out is the tweaking of bets that causes friction with the House. MIT math minds, and experienced gamblers; welcome. Or maybe it was just a circle jerk from a degenerate.....

or.... could it be some variation of this?

https://www.gamblingsites.com/blog/c...n-craps-73056/




There is no bankroll sufficient to beat a negative expectation game.

It sounds like what you're describing is a Martingale strategy. There are two problems with Martingale'ing at craps:
  1. The odds bet, which has 0 expectation, requires a negative expectation bet be placed first. Any edge you think you have in using a Martingale on a 0 EV bet will be dwarfed by the negative expectation of the initial bet.
  2. Even if you were able to play the 0 EV odds bet in isolation, you will inevitably hit an unlucky streak of 7* losses in a row, and you'll be unable to double again due to the table limit. This will leave you with a huge loss.
[*] or whatever number is log_2(TABLE_LIMIT / BET_SIZE)
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Old 07-12-2019, 07:26 AM   #2299
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Re: Encore Boston Harbor Casino | Everett

Quote:
Originally Posted by Equilibria View Post
https://www.bostonglobe.com/business...?event=event25

https://wynnresortslimited.gcs-web.c...9-a0edcc250175

Wynn and Everett want an entertainment district and (good news, F-Line!) a CR/SL combo station. At the second link, the interesting slide is 16.

Also - sorry Mayor, but the MBTA is wise to your game now and probably won't sell maintenance garages under its current leadership. The Everett Shop is also a huge employment center - you'd think a mayor would want all those jobs and potential spending at neighborhood businesses, but he's chasing the techies.
All of the transpo stuff seems predicated on acquisition of Everett Shops, since the article states that's where the multimodal stop would be. That is the first level opportunity to pour a platform as, previously mentioned, behind the casino-proper the incline to the bridge is too steep to pass ADA regs for platform slope. It doesn't sound like they have any interest in this without the Shops in-hand, and therein lies the problem. T doesn't want to sell, and zoning alone would make finding a relocation site difficult because the heavy machinery inside for fabricating large parts (which directly affects how the building itself is configured) makes it a de facto factory that probably can't slide onto a non-industrial zoned parcel without great difficulty. Much less on an industrial zoned parcel near enough to another T facility to pool functions.

Then there's the whole pickle of relocating Everett Jct. for the freight leads, federal preemption therein, the need to compensate Pan Am and the terminal with more yard tracks inside the terminal if the leads are going to be significantly shortened, etc. etc. And dealings with Eversource for adding station egresses right by their two power line tower easements behind the Shops.


I mean, it's nice to dream and all...but something-something about the wisdom of coveting other people's property too loudly in a major national newspaper. . .
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Old 07-12-2019, 08:44 AM   #2300
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Re: Encore Boston Harbor Casino | Everett

We keep talking about the bridge's impossible slope, but the construction of a station is also a big civil work and an opportunity for "don't lower the bridge...raise the approach"

How hard would it be to raise the elevation of the tracks so that the incline on the Everett side is not too steep?

I picture tall berm and a partially aerial station. Bury/demolish/tie-in some of the bridge's Everett approaches into a new retained-earth structure.

High enough to make the slope not an issue, and then making a pedestrian underpass plaza (under a "bridge" section" of the station) to allow easy access to center-platform station and track-crossing underneath--similar to how the Lowell Line was raised to create Wedgemere's berm-and-bridge setup.

And then you'd be looking at the owners of the Shopping Center (good capitalists) as the party to supply the large parcel for redevelopment.
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