Jacobs Selected as Executive Architect and Engineer for New Wynn Resorts in Everett

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.

Jacobs Engineering Group Inc.



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