PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it has been
selected as Executive Architect and Engineer for the new Wynn
Resorts development in Everett, Mass.
Company officials did not disclose the contract value.
Under the terms of the contract, Jacobs is leading a local team of
architects and engineers assembled to take on the technically complex
assignment of converting a former industrial site on the Everett
waterfront to a $1.6 billion luxury resort that is being designed to
echo grand hotels of the past.
The proposed Wynn
Everett casino complex is located on the banks of the Mystic River,
neighboring Boston Harbor. The 3.3 million-square-foot resort is
expected to feature a 24-story luxury hotel, casino, conference
facilities, high-end restaurants, spa, retail shops, underground
parking, a central utility plant, and extensive landscaping including a
river walk.
Construction is expected to begin by late summer of 2015 with a grand
opening targeted for first quarter 2018.
In making the announcement, Jacobs Group Vice President Tom McDuffie
stated, “We are pleased to work with the Wynn team and are excited about
the opportunity to bring our experience to this fast-paced and
technically demanding urban mixed-use project.”
Jacobs is one of the world's largest and most diverse providers of
technical professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2014 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
Source: Jacobs Engineering Group Inc.